Page 6 - The Owen Report for February 2025
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Friday, February 28, 2025
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $2,231,538 +0.62%
Median Price: $1,487,500 -15.96%
Maximum Price: $8,933,574 +46.45%
Total Sales Volume: $49,093,844 -11.45%
Total Units Sold: 22 -12.00%
Average Market Time of Units Sold: 223 days +14.36%
Total Units Currently Active: 204 +0.49%
Avg. Mkt. Time of Currently Active Units: 224 days -9.68%
Units Sold Median Price
One Year Trend One Year Trend
50
45 $1,700,000
40 38 34
35 32 30 29 $1,500,000
30 25 29 25
25 21 22 22
20 17 $1,300,000
15 12
10 $1,100,000
5
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
