Housing Market Report for River North, Chicago, IL

This housing market report uses absorption rates to track supply and demand for River North, Chicago, IL. With 3.4 months of inventory across all segments, the market is currently balanced — supply and demand are roughly equal, giving buyers and sellers relatively equal negotiating leverage. Use the tables below to explore specific price ranges and property types in detail. [Last updated: September 16, 2026]

Seller's Market
Under 3 months

High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.

Balanced Market
3 – 6 months

Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.

Buyer's Market
Over 6 months

More supply than demand. Buyers can negotiate, request concessions, and take their time.

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Houses

Hottest Segment 🔥
$1.3m – $1.4m

Absorption rate of 0.

Coolest Segment ❄️
$3m – $3.5m

With 0 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$3m – $3.5m

0 active listings with 1 sold in the last 6 months.

Market Overview
All Segments

With 18 months of inventory overall, buyers currently hold the advantage.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
1.3m-1.4m 1 0
1.9m-2m 1 0
3m-3.5m 1 0.2 0 Seller's
6m-7m 1 0

Townhouses

Hottest Segment 🔥
$3m – $3.5m

Absorption rate of 0.

Coolest Segment ❄️
$500k – $550k

With 0 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$1.2m – $1.3m

0 active listings with 3 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 0.5 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
500k-550k 1 0.2 0 Seller's
550k-600k 1 0.2 0 Seller's
750k-800k 1 1 0.2 0 Seller's
800k-850k 1 0.2 0 Seller's
850k-900k 1 0.2 0 Seller's
900k-950k 2 0.3 0 Seller's
950k-1m 1 0.2 0 Seller's
1m-1.1m 1 0.2 0 Seller's
1.2m-1.3m 3 0.5 0 Seller's
1.4m-1.5m 1 0.2 0 Seller's
3m-3.5m 1 0

Condos

Hottest Segment 🔥
$175k – $200k

Absorption rate of 1.3, with 0.8 months of inventory.

Coolest Segment ❄️
$2.25m – $2.5m

With 18 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$325k – $350k

13 active listings with 42 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 2.9 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
150k-175k 1 0.2 0 Seller's
175k-200k 1 8 1 1.3 0.8 Seller's
200k-225k 3 10 0.6 1.8 Seller's
225k-250k 8 18 3 0.4 2.7 Seller's
250k-275k 8 23 4 0.5 2.1 Seller's
275k-300k 19 31 3 0.3 3.7 Balanced
300k-325k 14 37 6 0.4 2.3 Seller's
325k-350k 13 42 4 0.5 1.9 Seller's
350k-375k 4 32 5 1.3 0.8 Seller's
375k-400k 9 15 2 0.3 3.6 Balanced
400k-425k 5 14 3 0.5 2.1 Seller's
425k-450k 9 30 3 0.6 1.8 Seller's
450k-475k 14 21 0.3 4 Balanced
475k-500k 9 16 0.3 3.4 Balanced
500k-550k 16 24 2 0.3 4 Balanced
550k-600k 9 24 2 0.4 2.3 Seller's
600k-650k 7 22 5 0.5 1.9 Seller's
650k-700k 13 19 7 0.2 4.1 Balanced
700k-750k 4 6 2 0.3 4 Balanced
750k-800k 5 9 0.3 3.3 Balanced
800k-850k 2 6 1 0.5 2 Seller's
850k-900k 1 2 0.3 3 Balanced
900k-950k 2 7 0.6 1.7 Seller's
950k-1m 2 3 0.3 4 Balanced
1m-1.1m 2 4 1 0.3 3 Balanced
1.1m-1.2m 2 2 0.2 6 Balanced
1.2m-1.3m 4 9 1 0.4 2.7 Seller's
1.3m-1.4m 4 4 0.2 6 Balanced
1.4m-1.5m 3 3 0.2 6 Balanced
1.5m-1.6m 5 2 0.1 15 Buyer's
1.6m-1.7m 3 4 0.2 4.5 Balanced
1.7m-1.8m 1 1 0.2 6 Balanced
1.8m-1.9m 1 1 0.2 6 Balanced
1.9m-2m 1 1 0.2 6 Balanced
2m-2.25m 2 2 0.2 6 Balanced
2.25m-2.5m 6 2 0.1 18 Buyer's
2.5m-2.75m 1 1 0.2 6 Balanced
2.75m-3m 1 1 1 0.2 6 Balanced
3m-3.5m 4 0
3.5m-4m 1 0
5m-6m 1 0

Land

Hottest Segment 🔥
$0 – $25k

Absorption rate of 0.1, with 11.5 months of inventory.

Coolest Segment ❄️
$25k – $50k

With 43.5 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$0 – $25k

23 active listings with 12 sold in the last 6 months.

Market Overview
All Segments

With 19.3 months of inventory overall, buyers currently hold the advantage.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
-25,000-0 2 0
0-25k 23 12 1 0.1 11.5 Buyer's
25k-50k 29 4 2 0 43.5
50k-75k 4 1 0 24
100k-125k 1 0.2 0 Seller's

Neighboring Cities

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