Page 6 - The Owen Report for December 2022
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Saturday, December 31, 2022
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,541,630 -2.24%
Median Price: $1,137,500 +19.74%
Maximum Price: $4,500,000 -20.29%
Total Sales Volume: $46,248,900 +12.80%
Total Units Sold: 30 +15.38%
Average Market Time of Units Sold: 203 days +53.79%
Total Units Currently Active: 365 -8.29%
Avg. Mkt. Time of Currently Active Units: 259 days +10.21%
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
40 38 39 34 $1,200,000
29 30
30 26
$1,000,000
20
10 $800,000
Source: Midwest Real Estate Data (MRED / MLS)
