Page 6 - The Owen Report for January 2024
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Wednesday, January 31, 2024
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $1,980,706 +2.98%
Median Price: $1,296,250 -12.12%
Maximum Price: $9,300,000 +77.14%
Total Sales Volume: $35,652,700 -19.41%
Total Units Sold: 18 -21.74%
Average Market Time of Units Sold: 181 days -7.65%
Total Units Currently Active: 245 +10.86%
Avg. Mkt. Time of Currently Active Units: 267 days -10.10%
Units Sold Median Price
One Year Trend One Year Trend
50
45 $1,700,000
40
35 29 $1,500,000
30 26 25 26
25 22 23
19 18 18 $1,300,000
20 14 17
15 12 12
10 $1,100,000
5
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
