Page 6 - The Owen Report for December 2024
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Tuesday, December 31, 2024
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $2,131,287 +6.53%
Median Price: $1,777,750 +40.81%
Maximum Price: $6,600,000 -34.00%
Total Sales Volume: $46,888,309 -31.07%
Total Units Sold: 22 -35.29%
Average Market Time of Units Sold: 190 days +9.20%
Total Units Currently Active: 173 -16.02%
Avg. Mkt. Time of Currently Active Units: 287 days +6.30%
Units Sold Median Price
One Year Trend One Year Trend
50
45 $1,700,000
40 38 34
35 32 30
29 29 $1,500,000
30 23 25
25 22
20 18 17 21 $1,300,000
15 12
10 $1,100,000
5
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
