Page 6 - The Owen Report for January 2023
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Tuesday, January 31, 2023
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,660,500 +7.71%
Median Price: $1,100,000 -3.30%
Maximum Price: $11,200,000 +148.89%
Total Sales Volume: $38,191,500 -17.42%
Total Units Sold: 23 -23.33%
Average Market Time of Units Sold: 206 days +1.48%
Total Units Currently Active: 381 +4.38%
Avg. Mkt. Time of Currently Active Units: 229 days -11.58%
Units Sold Median Price
One Year Trend One Year Trend
80
70
70 64 63 $1,600,000
63 63
60 57
$1,400,000
50
38 39
40 34 $1,200,000
29 30
30 26 23
$1,000,000
20
10 $800,000
Source: Midwest Real Estate Data (MRED / MLS)
