Housing Market Report for Washington Park, Chicago, IL
This housing market report uses absorption rates to track supply and demand for Washington Park, Chicago, IL. With 9.7 months of inventory across all segments, conditions currently favor buyers — more homes are available than active buyers, creating more room to negotiate on price and terms. Use the tables below to explore specific price ranges and property types in detail. [Last updated: September 19, 2026]
High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.
Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.
More supply than demand. Buyers can negotiate, request concessions, and take their time.
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Houses
Absorption rate of 0.
With 0 months of inventory, buyers have more time and negotiating power in this range.
0 active listings with 1 sold in the last 6 months.
The overall market favors sellers with just 1.2 months of inventory.
| List Price |
Available
|
Sold Last 6 Months 
|
Under Contract 
|
Absorption Rate 
|
Months of Inventory 
|
Market |
|---|---|---|---|---|---|---|
| 275k-300k | 1 | 0.2 | 0 | Seller's | ||
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| 325k-350k | 1 | 0.2 | 0 | Seller's | ||
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| 350k-375k | 1 | 0 | ||||
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| 425k-450k | 1 | 0.2 | 0 | Seller's | ||
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| 475k-500k | 1 | 0.2 | 0 | Seller's | ||
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| 550k-600k | 1 | 0.2 | 0 | Seller's | ||
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Townhouses
Absorption rate of 0.
With 0 months of inventory, buyers have more time and negotiating power in this range.
0 active listings with 1 sold in the last 6 months.
Supply and demand are roughly in balance at 3 months of inventory.
| List Price |
Available
|
Sold Last 6 Months
|
Under Contract
|
Absorption Rate
|
Months of Inventory
|
Market |
|---|---|---|---|---|---|---|
| 175k-200k | 1 | 0 | ||||
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| 400k-425k | 1 | 0.2 | 0 | Seller's | ||
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| 425k-450k | 1 | 0.2 | 0 | Seller's | ||
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Condos
Absorption rate of 0.3, with 3 months of inventory.
With 6 months of inventory, buyers have more time and negotiating power in this range.
1 active listings with 2 sold in the last 6 months.
With 12 months of inventory overall, buyers currently hold the advantage.
| List Price |
Available
|
Sold Last 6 Months
|
Under Contract
|
Absorption Rate
|
Months of Inventory
|
Market |
|---|---|---|---|---|---|---|
| 75k-100k | 1 | 0 | ||||
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| 100k-125k | 1 | 2 | 1 | 0.3 | 3 | Balanced |
| 125k-150k | 1 | 2 | 1 | 0.3 | 3 | Balanced |
| 175k-200k | 3 | 0 | ||||
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| 200k-225k | 1 | 1 | 0.2 | 6 | Balanced | |
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| 250k-275k | 1 | 0 | ||||
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| 275k-300k | 1 | 0 | ||||
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| 300k-325k | 1 | 0 | ||||
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Land
Absorption rate of 0.1, with 9 months of inventory.
With 30 months of inventory, buyers have more time and negotiating power in this range.
6 active listings with 4 sold in the last 6 months.
With 17 months of inventory overall, buyers currently hold the advantage.
| List Price |
Available
|
Sold Last 6 Months
|
Under Contract
|
Absorption Rate
|
Months of Inventory
|
Market |
|---|---|---|---|---|---|---|
| 0-25k | 2 | 0 | ||||
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| 75k-100k | 5 | 1 | 0 | 30 | ||
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| 100k-125k | 6 | 4 | 0.1 | 9 | Buyer's | |
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| 125k-150k | 1 | 0 | ||||
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| 175k-200k | 1 | 0 | ||||
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| 200k-225k | 1 | 0.2 | 0 | Seller's | ||
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| 250k-275k | 1 | 0 | ||||
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| 275k-300k | 1 | 0 | ||||
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