Page 6 - The Owen Report for May 2024
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Friday, May 31, 2024
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $1,634,316 -10.78%
Median Price: $1,394,500 -3.16%
Maximum Price: $4,100,000 0%
Total Sales Volume: $62,104,000 +35.62%
Total Units Sold: 38 +52.00%
Average Market Time of Units Sold: 130 days -20.73%
Total Units Currently Active: 306 +2.34%
Avg. Mkt. Time of Currently Active Units: 207 days -2.36%
Units Sold Median Price
One Year Trend One Year Trend
50
45 $1,700,000
40 38
35 29 $1,500,000
30 26 23 25
25 22 19 18
20 17 18 17 $1,300,000
12
15 12
10 $1,100,000
5
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
