Numbers Don’t Lie: What the Data Tells Us About the Gold Coast, Streeterville & River North Condo Market

After more than three decades in Chicago, we chose to make this stretch of the city our home, not just our market, but our daily life. From morning walks along the lakefront to the familiar rhythm of rush hour on Michigan Avenue, the area known as the “Near North”—including Streeterville, River North, and the Gold Coast—isn’t just where we work. It’s where we live. We know every building, every shift in the skyline, and every nuance of the market because we’re immersed in it, full time.

And when it comes to market performance, we believe in presenting the numbers for what they are. No spin. No guessing. The data from the past six months paints a clear picture of what’s happening in these iconic neighborhoods—and what it means for buyers and sellers navigating the space right now.

Under Contract: Momentum with a Message

In total, 113 condos in this market are under contract.
The average market time? A noteworthy 168 days.

• The $900K–$999K range is surprisingly strong, with just 80 days on market, making it the fastest-moving price point.

• In contrast, the $800K–$899K range shows slower velocity, with average days climbing to 226.

• Luxury buyers above $2M are still active (14 units under contract), but those listings average 228 days on the market.

What we know: The right property will sell—but it must be positioned with purpose. This isn’t a guessing game.

Sold Inventory: $562 Million in Closings

Over the last six months, 431 condos closed across these three neighborhoods, with a median sold price of $935,000 and $561.9 million in total volume.

• The $1M–$2M band led the charge with 136 closings at an average of 161 days on market.

• The luxury top end is performing: 9 sales over $5M, and another 6 in the $4M–$5M bracket.

• The highest sale closed at $10.1 million, the lowest at $600K.

This kind of range shows just how broad and dynamic this market truly is.

Active Listings: Inventory Pressure Builds

Currently, 372 listings remain active, totaling more than $624 million in list volume.

• The $1M–$2M range again dominates inventory, with 126 active listings.

• Luxury is well represented, but listings priced $3M–$5M+ are sitting longer, with days on market extending up to 461 days.

• The median list price today sits at $1.15 million, showing that many sellers are targeting the same competitive zone.

What This Means for Buyers & Sellers

If you’re buying, you have options, but so does everyone else. Well-presented, appropriately priced properties still go under contract, especially in the $900K–$1.2M sweet spot.

If you’re selling: This is not the market to “test” a price. It’s the market to get it right from day one, with the right guidance and the right positioning.

From Your Local Experts—And Neighbors
We didn’t just choose to work here—we chose to live here. After three decades in this city, we committed to this pocket of Chicago because it offers a lifestyle, a pace, and a pulse that’s unmatched. We live the architecture. We walk these blocks. We hear the shifting sentiment—because we’re part of it.

And when it comes to your next move in this market, we bring that perspective to every decision, grounded in facts, local experience, and a personal stake in getting it right.

What’s Your Condo Worth Right Now?
We track the data. We know the buyers. And we understand what makes your property stand out in today’s shifting market.

Let’s run a confidential pricing analysis customized to your building and unit.
Whether you’re months away or ready now, we’ll guide your next step with clarity.

— Craig Hogan & Rudy Zavala
Hogan Zavala Group | Engel & Völkers Chicago

MEET THE TEAM

FOLLOW OUR YOUTUBE CHANNEL HERE

Details on the top 10 markets in Chicago are just a click away!  

Looking in Lakeview? West Loop?

Top Story-  Living in Smaller Spaces - The Rules Have Changed.