Page 7 - The Owen Report for March 2025 with cover
P. 7
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Monday, March 31, 2025
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $1,879,833 -15.76%
Median Price: $1,452,500 -2.35%
Maximum Price: $10,125,000 +13.34%
Total Sales Volume: $56,395,000 +14.87%
Total Units Sold: 30 +36.36%
Average Market Time of Units Sold: 182 days -18.39%
Total Units Currently Active: 199 -2.45%
Avg. Mkt. Time of Currently Active Units: 197 days -12.05%
Units Sold Median Price
One Year Trend One Year Trend
50
45 $1,700,000
40 38 34
35 32 30 29 30 $1,500,000
30 25 29 25
25 21 22 22
20 17 $1,300,000
15
10 $1,100,000
5
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
