Page 6 - The Owen Report for January 2022 with Notable Sale 1837 N Orchard
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Monday, January 31, 2022
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,346,996 +1.49%
Median Price: $1,035,000 -10.00%
Maximum Price: $4,930,000 +12.69%
Total Sales Volume: $51,185,851 -32.34%
Total Units Sold: 38 -33.33%
Average Market Time of Units Sold: 236 days -3.28%
Total Units Currently Active: 341 +2.71%
Avg. Mkt. Time of Currently Active Units: 242 days -5.10%
Units Sold Median Price
One Year Trend One Year Trend
80
70 $1,600,000
70 65 68
60 56 57
$1,400,000
46
50 42 43 44 40 38
40 $1,200,000
30 25
$1,000,000
20 17
10 $800,000
Source: Midwest Real Estate Data (MRED / MLS)
