Thinking of selling in Chicago?
Sell your home in Magnificent Mile
Magnificent Mile homes have sold for a median of $455,350 over the past year, typically in about 26 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$455,350
Median sale
71
Homes sold
12 mo
59
Avg. days on mkt
$359
Median $/sqft
7
For sale now
~1.2 mo supply
Median price by year
▲ 47.4%Recently sold in Magnificent Mile
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
Photo coming soon
Jun 2026$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
Jun 2026$1,800,000
435 Michigan Avenue
2 bd · 2.5 ba · 26d · 90% of list
Jun 2026$175,000
777 Michigan Avenue
0 bd · 1 ba · 600 sf · 8d · 100% of list
Sold data via MRED MLS. Shown for market reference; information deemed reliable but not guaranteed.
What I know about Magnificent Mile
A seller's market
Just 7 homes for sale against 71 sales a year, roughly 1.2 months of supply, firmly a seller's market.
Timing matters
November is the window: homes listed then go under contract in about two weeks, while January listings have taken about 4 months.
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, homes in Magnificent Mile have gone under contract in about two months on average (59 days), with the typical home closing in about 26 days.
What is my Magnificent Mile home worth?
Homes here have sold for a median of $455,350 over the last 12 months, around $359 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 71 sales a year, about 1.2 months of supply, Magnificent Mile is a seller's market. Sellers here have been getting about 96.4% of list price.
Thinking of selling?
What's your home actually worth?
Not a Zestimate. A real CMA from someone who's sold this neighborhood, knows the floor plan premiums, and can tell you which upgrades the buyer pool here actually pays for.
- Pricing range with comp-by-comp logic
- Pre-list improvements that pay back, and the ones that don't
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