Absorption Report

Bolingbrook, Crest Hill, Joliet, Lockport, Naperville, Plainfield, Romeoville, Shorewood, District 202

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months
Inventory
5 months
Inventory
> 5 months
Inventory

The absorption rate is the rate at which a home is likely to sell in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with 5 months of inventory in their price range, and they are anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.


NAN% of available homes are currently under contract

Single Family Homes

List Price Available Sold Since 12/01 Under Contract
Last 30 days
Absorption Rate Months of Inventory
126k-150k 1 0.2 0
151k-175k 1 0.2 0
201k-225k 5 0.8 0
226k-250k 1 0.2 0
251k-275k 7 1.2 0
276k-300k 10 1.7 0
301k-325k 29 2 4.8 0
326k-350k 41 2 6.8 0
351k-375k 44 7.3 0
376k-400k 33 5.5 0
401k-425k 26 1 4.3 0
426k-450k 19 3.2 0
451k-475k 24 4 0
476k-500k 21 3.5 0
501k-550k 33 5.5 0
551k-600k 23 3.8 0
601k-650k 17 2.8 0
651k-700k 14 2.3 0
701k-750k 3 0.5 0
751k-800k 3 0.5 0
801k-850k 1 0.2 0
851k-900k 2 0.3 0
901k-950k 3 1 0.5 0
1.1m-1.2m 1 0.2 0

NAN% of available homes are currently under contract

Condos/Townhomes

List Price Available Sold Since 12/01 Under Contract
Last 30 days
Absorption Rate Months of Inventory
176k-200k 2 0.3 0
201k-225k 5 0.8 0
226k-250k 15 2.5 0
251k-275k 26 4.3 0
276k-300k 18 2 3 0
301k-325k 29 4.8 0
326k-350k 9 1.5 0
351k-375k 4 0.7 0
376k-400k 2 0.3 0
401k-425k 2 0.3 0
426k-450k 4 0.7 0
451k-475k 2 0.3 0
501k-550k 1 0.2 0
601k-650k 1 0.2 0

NAN% of available homes are currently under contract

Lots/Land

List Price Available Sold Since 12/31 Under Contract
Last 30 days
Absorption Rate Months of Inventory
51k-75k 3 0.5 0
76k-100k 1 0.2 0
276k-300k 1 0.2 0