Page 6 - The Owen Report for August 2023
P. 6
Owen Report
The High-End CONDOMINIUM 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: $1,810,707 +10.98%
Median Price: $1,362,500 -11.67%
Maximum Price: $6,820,000 +190.21%
Total Sales Volume: $52,510,500 +46.29%
Total Units Sold: 29 +31.82%
Average Market Time of Units Sold: 153 days +16.79%
Total Units Currently Active: 294 -6.07%
Avg. Mkt. Time of Currently Active Units: 233 days +2.64%
Units Sold Median Price
One Year Trend One Year Trend
70
$1,700,000
60
50 $1,500,000
40
26 26 29 $1,300,000
30 25 22
21 19 19
20 11 11 14 12 17 $1,100,000
10
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
