Page 6 - The Owen Report for February 2022 with Notable Sale 1837 N Orchard
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Monday, February 28, 2022
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,315,625 -2.33%
Median Price: $1,101,000 +6.38%
Maximum Price: $3,725,000 -24.44%
Total Sales Volume: $82,884,400 +61.93%
Total Units Sold: 63 +65.79%
Average Market Time of Units Sold: 284 days +20.34%
Total Units Currently Active: 377 +10.56%
Avg. Mkt. Time of Currently Active Units: 212 days -12.40%
Units Sold Median Price
One Year Trend One Year Trend
80
70
70 65 68 63 $1,600,000
57
60 56
$1,400,000
50 42 43 46 44 38
40 40 $1,200,000
30 25
$1,000,000
20
10 $800,000
Source: Midwest Real Estate Data (MRED / MLS)
