Page 6 - The Owen Report for February 2024
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Thursday, February 29, 2024
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $1,897,250 -4.21%
Median Price: $1,308,998 +0.98%
Maximum Price: $5,850,000 -37.10%
Total Sales Volume: $22,766,995 -36.14%
Total Units Sold: 12 -33.33%
Average Market Time of Units Sold: 220 days +21.55%
Total Units Currently Active: 284 +15.92%
Avg. Mkt. Time of Currently Active Units: 222 days -16.85%
Units Sold Median Price
One Year Trend One Year Trend
50
45 $1,700,000
40
35
29 $1,500,000
30 26 25 26
25 22 19 23 18
20 17 18 $1,300,000
15 12 12 12
10 $1,100,000
5
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
