Page 4 - The Owen Report for August 2023
P. 4
Owen Report
The High-End COOPERATIVE Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Thursday, August 31, 2023
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $1,600,000 -41.28%
Median Price: $1,675,000 -38.53%
Maximum Price: $1,850,000 -44.78%
Total Sales Volume: $6,400,000 +17.43%
Total Units Sold: 4 +100.00%
Average Market Time of Units Sold: 395 days +1695.45%
Total Units Currently Active: 19 -17.39%
Avg. Mkt. Time of Currently Active Units: 437 days +6.33%
Units Sold Median Price
One Year Trend One Year Trend
4.5 $3,500,000
4 4
4
$3,000,000
3.5
$2,500,000
3
2.5 $2,000,000
2 2 2 2 2
2 $1,500,000
1.5
1 1 $1,000,000
1
0.5 $500,000
0 0 0 0
0 $0
Source: Midwest Real Estate Data (MRED / MLS)
