Page 6 - The Owen Report for July 2023
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Monday, July 31, 2023
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $1,631,591 +1.15%
Median Price: $1,542,500 +23.40%
Maximum Price: $2,350,000 -62.99%
Total Sales Volume: $35,895,000 -14.41%
Total Units Sold: 22 -15.38%
Average Market Time of Units Sold: 131 days -32.82%
Total Units Currently Active: 313 -2.49%
Avg. Mkt. Time of Currently Active Units: 227 days +7.08%
Units Sold Median Price
One Year Trend One Year Trend
70
$1,700,000
60
50 $1,500,000
40 36
30 21 26 25 26 22 $1,300,000
19 19 17
20 11 11 14 12 $1,100,000
10
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
