Page 6 - The Owen Report for September 2022
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Friday, September 30, 2022
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,099,856 -21.11%
Median Price: $925,000 -11.06%
Maximum Price: $3,400,000 -17.07%
Total Sales Volume: $37,395,087 -31.22%
Total Units Sold: 34 -12.82%
Average Market Time of Units Sold: 180 days +4.65%
Total Units Currently Active: 473 +2.60%
Avg. Mkt. Time of Currently Active Units: 198 days +2.59%
Units Sold Median Price
One Year Trend One Year Trend
80
70
70 63 64 63 63 $1,600,000
60 57 57
$1,400,000
50 46 44
40 38 39
40 34 $1,200,000
30
$1,000,000
20
10 $800,000
Source: Midwest Real Estate Data (MRED / MLS)
