Page 6 - The Owen Report for May 2025
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Saturday, May 31, 2025
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $1,755,691 -16.23%
Median Price: $1,470,000 -0.54%
Maximum Price: $4,500,000 -47.06%
Total Sales Volume: $61,449,182 -41.36%
Total Units Sold: 35 -30.00%
Average Market Time of Units Sold: 134 days -31.28%
Total Units Currently Active: 195 -7.58%
Avg. Mkt. Time of Currently Active Units: 211 days +2.43%
Units Sold Median Price
One Year Trend One Year Trend
60 $1,900,000
50
50 $1,700,000
38
40 34 35
32 30 $1,500,000
29 29 30
30 25 22
21 22
$1,300,000
20
10 $1,100,000
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
