Page 6 - The Owen Report for July 2024
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Wednesday, July 31, 2024
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $1,698,310 -2.30%
Median Price: $1,375,000 -1.79%
Maximum Price: $5,800,000 +48.72%
Total Sales Volume: $35,664,500 -29.25%
Total Units Sold: 21 -27.59%
Average Market Time of Units Sold: 203 days +46.04%
Total Units Currently Active: 291 -8.20%
Avg. Mkt. Time of Currently Active Units: 217 days +1.88%
Units Sold Median Price
One Year Trend One Year Trend
50
45 $1,700,000
40 38
35 29 $1,500,000
30 25 29
22 23 21
25
19 18 18 17 $1,300,000
20
15 12 12
10 $1,100,000
5
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
