Page 6 - The Owen Report for December 2023
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Sunday, December 31, 2023
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $1,923,478 +26.41%
Median Price: $1,475,000 +16.14%
Maximum Price: $5,250,000 +50.00%
Total Sales Volume: $44,240,000 +142.28%
Total Units Sold: 23 +91.67%
Average Market Time of Units Sold: 196 days +100.00%
Total Units Currently Active: 221 -11.24%
Avg. Mkt. Time of Currently Active Units: 297 days +8.39%
Units Sold Median Price
One Year Trend One Year Trend
70
$1,700,000
60
50 $1,500,000
40
30 26 25 26 22 29 23 $1,300,000
19 17 19 18
20 14 12 12 $1,100,000
10
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
