Page 6 - The Owen Report for October 2022
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Monday, October 31, 2022
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,890,914 +71.92%
Median Price: $1,100,000 +18.92%
Maximum Price: $10,225,000 +200.74%
Total Sales Volume: $54,836,500 +46.64%
Total Units Sold: 29 -14.71%
Average Market Time of Units Sold: 119 days -33.89%
Total Units Currently Active: 454 -4.02%
Avg. Mkt. Time of Currently Active Units: 213 days +7.58%
Units Sold Median Price
One Year Trend One Year Trend
80
70
70 64 $1,600,000
63 63 63
60 57 57
$1,400,000
50 44
40 38 39
40 34 $1,200,000
29
30
$1,000,000
20
10 $800,000
Source: Midwest Real Estate Data (MRED / MLS)
