Thinking of selling in Chicago?
Sell your home in One Magnificent Mile
One Magnificent Mile homes have sold for a median of $1,231,250 over the past year, and the typical one went under contract in 32 days. It's a buyer's market. Here's the full picture, and what your home is worth today.
The One Magnificent Mile market right now
Live from MLS closings · last 12 months$1,231,250
Median sale
4
Homes sold
12 mo
32
Median days on mkt
$558
Median $/sqft
3
For sale now
~9 mo supply
Median price by year
▲ 4.7%What the sales data shows in One Magnificent Mile
Room to negotiate
3 homes for sale against 4 sales a year, about 9 months of supply, which gives buyers more leverage than most nearby markets.
Values climbing
The median sale price is up about 4.7% year over year, so equity has been building for owners here.
Recently sold in One Magnificent Mile
Sep 2026$1,000,000
950 Michigan Avenue
1 bd · 0 ba · 3,000 sf · 79d · 87% of list
Jul 2026$1,000,000
950 Michigan Avenue
2 bd · 3.5 ba · 1,830 sf · 17d · 95% of list
Apr 2026$5,118,750
950 Michigan Avenue
6 bd · 9.5 ba · 9,000 sf · 47d · 93% of list
Nov 2025$1,462,500
950 MICHIGAN Avenue
3 bd · 3.5 ba · 2,430 sf · 12d · 98% of list
Oct 2025$398,900
950 Michigan Avenue
1 bd · 1.5 ba · 1,570 sf · 62d · 89% of list
Aug 2025$1,000,000
950 Michigan Avenue
3 bd · 2.5 ba · 2,175 sf · 12d · 100% of list
Aug 2025$1,950,000
950 Michigan Avenue
3 bd · 4.5 ba · 3,000 sf · 16d · 89% of list
Aug 2025$910,000
950 MICHIGAN Avenue
2 bd · 3.5 ba · 1,860 sf · 78d · 98% of list
Sold data via MRED MLS. Shown for market reference; information deemed reliable but not guaranteed.
Selling in One Magnificent Mile: common questions
How fast do homes sell in One Magnificent Mile?
Over the past year, the typical home in One Magnificent Mile went under contract in 32 days. That is the median market time of the homes that sold in the last 12 months.
What is my One Magnificent Mile home worth?
Homes here have sold for a median of $1,231,250 over the last 12 months, around $558 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 One Magnificent Mile?
With 3 homes for sale against 4 sales a year, about 9 months of supply, One Magnificent Mile is a buyer's market.
Your local agent
Selling in One Magnificent Mile? Talk to Joe
4 homes sold in One Magnificent Mile over the past year at a median of $1,231,250, and the typical one went under contract in 32 days. Joe can price your home off these sales rather than a national estimate.
With 9 months of inventory, pricing and prep matter more here than in the tighter pockets nearby. Joe tells you which improvements pay back before you list and where to set the price so your home actually moves. Not a brochure, a real plan.
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
- Pre-list improvements that pay back, and the ones that don't
- No obligation, no spam, no auto-dialer
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