Thinking of selling in Chicago?
Sell your home in One Magnificent Mile
One Magnificent Mile homes have sold for a median of $1,000,000 over the past year, typically in about 47 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$1,000,000
Median sale
5
Homes sold
12 mo
43
Avg. days on mkt
$546
Median $/sqft
3
For sale now
~7.2 mo supply
Median price by year
▲ 4.7%What I know about One Magnificent Mile
Room to negotiate
3 homes for sale against 5 sales a year, about 7.2 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, homes in One Magnificent Mile have gone under contract in around six weeks on average (43 days), with the typical home closing in about 47 days.
What is my One Magnificent Mile home worth?
Homes here have sold for a median of $1,000,000 over the last 12 months, around $546 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 5 sales a year, about 7.2 months of supply, One Magnificent Mile is a buyer's market. Sellers here have been getting about 92.3% of list price.
Your local agent
Joe knows One Magnificent Mile
Joe has read every one of the 5 homes that sold in One Magnificent Mile this past year, at a median of $1,000,000, with the typical home going under contract in around six weeks. Joe knows what today's One Magnificent Mile buyer will actually pay, and what they won't.
With 7.2 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 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
- No obligation, no spam, no auto-dialer
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