Page 6 - The Owen Report for January 2025
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Friday, January 31, 2025
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $2,217,720 +4.06%
Median Price: $1,770,000 -0.44%
Maximum Price: $6,100,000 -7.58%
Total Sales Volume: $55,443,000 +18.24%
Total Units Sold: 25 +13.64%
Average Market Time of Units Sold: 195 days +2.63%
Total Units Currently Active: 203 +17.34%
Avg. Mkt. Time of Currently Active Units: 248 days -13.59%
Units Sold Median Price
One Year Trend One Year Trend
50
45 $1,700,000
40 38 34
35 29 32 30 29 $1,500,000
30 25 25
25 18 21 22
20 17 $1,300,000
15 12
10 $1,100,000
5
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
