Thinking of selling in Chicago?
Sell your home in Magnificent Mile
Magnificent Mile homes have sold for a median of $618,000 over the past year, and the typical one went under contract in 21 days. It's a seller's market. Here's the full picture, and what your home is worth today.
The Magnificent Mile market right now
Live from MLS closings · last 12 months$618,000
Median sale
55
Homes sold
12 mo
21
Median days on mkt
$365
Median $/sqft
7
For sale now
~1.5 mo supply
Median price by year
▲ 47.4%Recently sold in Magnificent Mile
Sep 2026$395,000
777 Michigan Avenue
2 bd · 2 ba · 1,600 sf · 10d · 99% of list
Sep 2026$4,200,000
800 MICHIGAN Avenue
4 bd · 3.5 ba · 5,250 sf · 16d · 100% of list
Jul 2026$230,000
777 Michigan Avenue
1 bd · 1 ba · 965 sf · 241d · 102% of list
Jul 2026$1,700,000
800 Michigan Avenue
3 bd · 3.5 ba · 3,025 sf · 38d · 85% of list
Jul 2026$230,000
535 Michigan Avenue
1 bd · 1 ba · 847 sf · 6d · 102% of list
Jun 2026$3,950,000
435 Michigan Avenue
3 bd · 3.5 ba · 3,345 sf · 20d · 93% of list
$160,000
777 Michigan Avenue
0 bd · 1 ba · 600 sf · 8d · 100% of list
Jun 2026$1,435,000
435 Michigan Avenue
1 bd · 1.5 ba · 18d · 98% of list
Sold data via MRED MLS. Shown for market reference; information deemed reliable but not guaranteed.
What the sales data shows in Magnificent Mile
A seller's market
Just 7 homes for sale against 55 sales a year, roughly 1.5 months of supply, firmly a seller's market.
Timing matters
Homes that closed in September typically went under contract in 13 days, while December closings took 81 days.
Values climbing
The median sale price is up about 47.4% year over year, so equity has been building for owners here.
Selling in Magnificent Mile: common questions
How fast do homes sell in Magnificent Mile?
Over the past year, the typical home in Magnificent Mile went under contract in 21 days. That is the median market time of the homes that sold in the last 12 months.
What is my Magnificent Mile home worth?
Homes here have sold for a median of $618,000 over the last 12 months, around $365 per square foot. Every home is different, so request a free, no-obligation valuation for a figure specific to yours.
Is now a good time to sell in Magnificent Mile?
With 7 homes for sale against 55 sales a year, about 1.5 months of supply, Magnificent Mile is a seller's market. Sellers here have been getting about 96.7% of list price.
Your local agent
Selling in Magnificent Mile? Talk to Joe
55 homes sold in Magnificent Mile over the past year at a median of $618,000, and the typical one went under contract in 21 days. Joe can price your home off these sales rather than a national estimate.
With only 1.5 months of inventory, the risk here isn't finding a buyer; it's underpricing and leaving money on the table. Joe prices off the actual Magnificent Mile comps, not a national average, and sellers here have been getting about 96.7% of list price. Text or call any time for a straight read on your number.
Thinking of selling?
What's your home actually worth?
Not a Zestimate. A real CMA built on the homes that actually sold around you, adjusted for the floor plan, condition and upgrades that move the price.
- Pricing range with comp-by-comp logic
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