Page 6 - The Owen Report for March 2024
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Sunday, March 31, 2024
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $1,569,724 -17.26%
Median Price: $1,400,000 +6.95%
Maximum Price: $2,950,000 -49.57%
Total Sales Volume: $26,685,300 +17.21%
Total Units Sold: 17 +41.67%
Average Market Time of Units Sold: 222 days +0.91%
Total Units Currently Active: 309 +8.80%
Avg. Mkt. Time of Currently Active Units: 207 days -6.76%
Units Sold Median Price
One Year Trend One Year Trend
50
45 $1,700,000
40
35 29 $1,500,000
30 26 25 26
25 22 19 23
20 17 18 18 17 $1,300,000
12 12
15
10 $1,100,000
5
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
