Page 6 - The Owen Report for August 2024
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Saturday, August 31, 2024
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $1,915,598 +12.79%
Median Price: $1,522,500 +10.73%
Maximum Price: $7,300,000 +25.86%
Total Sales Volume: $61,299,125 +71.88%
Total Units Sold: 32 +52.38%
Average Market Time of Units Sold: 167 days -17.73%
Total Units Currently Active: 274 -5.84%
Avg. Mkt. Time of Currently Active Units: 219 days +0.92%
Units Sold Median Price
One Year Trend One Year Trend
50
45 $1,700,000
40 38
35 29 29 32 $1,500,000
30 25
25 23 21
19 18 18 17 $1,300,000
20
15 12 12
10 $1,100,000
5
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
