Chicago Magnificent Mile Condo Hits Market, Luxury Play
Magnificent Mile Condos for Sale (By Price & Building) A tight spread of listings continues to define Magnificent Mile condo pricing. Median asking levels are holding near $1.15M under current market data. Redfin currently shows 40 condos for sale in the Magnificent Mile. Active inventory hovers near 54 condos. There have been 13 recent sales across property types. Zillow forecasts a further 1.2% increase in home prices over the next year, potentially supporting pricing in prime downtown pockets. Price Bands Under Pressure One-bedroom listings run about $449,900 to $575,000. Two-bedroom options span $479,000 to $1.15M. Three-bedroom supply clusters from $875,000 to $1,095,000. Luxury penthouses and high-floor units exceed $5.99M. Building Signals and Friction At One Magnificent Mile, one-bedrooms sit at $449,900 to $479,000. Three-bedrooms range from $875,000 to $1,095,000. Four-bedroom penthouses run from $1.15M to $5.99M. Water Tower Place continues to signal upper-tier demand....