Page 6 - Owen Report March 2022
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Thursday, March 31, 2022
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,676,526 +27.43%
Median Price: $1,025,000 -6.90%
Maximum Price: $20,000,000 +436.91%
Total Sales Volume: $95,561,999 +15.30%
Total Units Sold: 57 -9.52%
Average Market Time of Units Sold: 226 days -20.42%
Total Units Currently Active: 415 +10.08%
Avg. Mkt. Time of Currently Active Units: 185 days -12.74%
Units Sold Median Price
One Year Trend One Year Trend
80
70 68
70 65 63 $1,600,000
56 57
60 57
46 $1,400,000
50 43 44
42 40
40 38 $1,200,000
30
$1,000,000
20
10 $800,000
Source: Midwest Real Estate Data (MRED / MLS)
