Page 3 - The Owen Report for February 2025
P. 3

Owen Report







                             The High-End SINGLE FAMILY HOME Market

                                       Chicago's LINCOLN PARK Area

                                         As of Friday, February 28, 2025




                     Monthly Statistics for Sales, $1.5M+                           % +/- Since Last Month

            Average Price:                               $2,235,714                         -29.93%
            Median Price:                                $1,900,000                         -45.79%
            Maximum Price:                               $3,970,000                         -0.81%
            Total Sales Volume:                        $15,650,000                         +22.62%
            Total Units Sold:                                     7                        +75.00%
            Average Market Time of Units Sold:              37 days                         -54.88%
            Total Units Currently Active:                       27                         +22.73%
            Avg. Mkt. Time of Currently Active Units:      193 days                         -7.21%


                          Units Sold                                              Median Price
                     One Year Trend                                             One Year Trend

     18                                                         $4,000,000
     16             14  14  15      17
     14                                                         $3,500,000
     12
                                      10 10     9               $3,000,000
     10
      8       7     7                       6           7       $2,500,000
      6   5
                                                       4
      4                                                         $2,000,000
      2
      0                                                         $1,500,000




                                       Source: Midwest Real Estate Data (MRED / MLS)
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