By Anne Rossley, Managing Broker, Baird & Warner Gold Coast, Chicago | Chicago real estate since 1987 | Updated September 28, 2026

Quick answer: In the 30 days ending September 28, 2026, the Near North condo market (River North, Streeterville and the Gold Coast) was competitive under $750,000 and softer above $1 million. 185 units closed at a median of $489,000, 29 days on market and 98.3% of original list price. One-bedrooms sold in a median of 19 days at full list, while 87% of $1 to $2 million condos sold below list.

Near North Condo Market at a Glance

  • 185 closed sales, totaling $134.0 million
  • $489,000 median sold price and $393 per square foot
  • 29 days median time on market
  • 98.3% median sale-to-original-list ratio
  • 666 active listings and 191 units under contract, about 3.6 months of supply
  • 60% of units sold below their last list price (by a median of 4.2%), 14.6% sold at it and 25.4% sold above it

How Do River North, Streeterville and the Gold Coast Compare?

Sale-to-list = median sold price divided by last list price. Months of supply = active listings divided by the month's closings. Neighborhoods are assigned by street address, and Old Town and other addresses are excluded from this table.

River North

River North had the strongest pricing: a median of 100.0% of last list, with 54% of units selling at or above list. It also has the most supply relative to sales, at 5.6 months. 401 N Wabash alone holds 50 active listings, 7.5% of all Near North inventory.

Streeterville

Streeterville had the most closings (72) and the most inventory (272 active). It was also the slowest, at 41.5 days on market, and the median active listing has been on the market 97 days. Median sold price was $585,000, the highest of the three.

Gold Coast

The Gold Coast was the fastest and tightest, at 17 days and 3.0 months of supply. Median sold price was $400,000. Speed didn't mean full price, though: 67% of Gold Coast units sold below last list.

What Is Selling Best by Price Range?

$500,000 to $750,000 was the strongest range, with 58% of units at or above list. $1 to $2 million was the weakest, with 87% selling below list at a median of 94.5%. Above $2 million there are about 6 months of supply, and 74% of active listings have been on the market more than 90 days. Even so, 4 of the 11 closings sold within 14 days, so well-priced luxury still moves.

Which Unit Sizes Are Selling Fastest?

One-bedrooms are the most liquid product in Near North. Studios and units with three or more bedrooms give buyers more room to negotiate.

Does Time on Market Change the Price?

Yes, and the effect is steady. Units that sold in the first two weeks closed at a median of 100.0% of last list. Among units that sold in the first 14 days, 33% sold below list. That share rises to 77% at 31 to 60 days and 90% past 180 days. At 61 to 180 days, the median sale price was about 95% of last list, and past 180 days it was 91.8%.

Do Price Reductions Help Condos Sell?

Sellers rarely cut. Only 6.3% of active listings (42 of 666) have had a price reduction, and 100 of the 111 units that sold below original list had no reduction, so the discount came in negotiation. The 11 closings that did have a cut took a median of 161 days and sold at 88.3% of the new list price. Units that were never cut took 25.5 days and sold at 98.7%. That's a small sample, but every cut listing still sold below its reduced price. Asking prices also run ahead of the market: the median active listing asks $436 per square foot versus $393 for closed sales.

What Should Buyers Do?

  • Under $750,000: expect competition, especially for one-bedrooms and units in the $500,000 to $750,000 range.
  • $1 to $2 million: you have leverage. Most units in this range sold below list.
  • Any listing past 60 days: negotiate. Sale prices fall as time on market grows.
  • River North: higher supply gives you more choices, though units that are priced right still sell at list.

What Should Sellers Do?

  • Price to the market on day one. The first two weeks produce the best results, and later cuts haven't recovered the sale price.
  • Compare against closed sales, not active listings. Asking prices are running about 11% per square foot above what units actually sold for.
  • Above $1 million, expect a longer, more negotiated sale and set your price accordingly.

Frequently Asked Questions

Is the Near North condo market a buyer's or seller's market?

It depends on price. In the 30 days ending September 28, 2026, 185 condos closed at a median of 29 days and 98.3% of original list price, with about 3.6 months of supply. Units under $750,000 were competitive, while 87% of $1 to $2 million condos sold below list.

How long do Near North condos take to sell?

The median time on market was 29 days. Gold Coast condos took 17 days, River North 21 and Streeterville 41.5. One-bedrooms sold in a median of 19 days.

Are Near North condos selling below asking price?

Most are. 60% of closings sold below their last list price, by a median of 4.2%, while 25.4% sold above it. In the first two weeks on the market, the median sale was at 100.0% of list.

Do price reductions help a condo sell?

Only 6.3% of active listings have had a cut. The 11 closed units that were cut took a median of 161 days and sold at 88.3% of their new list price, while units that were never cut took 25.5 days and sold at 98.7%. The cut sample is small.

What is the median condo price in Near North Chicago?

The median sold price was $489,000, or $393 per square foot. By neighborhood, Streeterville was $585,000, River North $448,000 and the Gold Coast $400,000.

About This Data

This update uses MLS sales, active listings and under-contract units for Near North Side condominiums for the 30 days ending September 28, 2026 (closings ran through September 25). Figures are medians unless stated. Last list price equals original list price when no change was recorded. Neighborhoods are assigned by street address, so treat boundaries as approximate. Co-ops (2 closings) and townhomes (6) are too few to report separately. Days on market may understate the time a unit has actually been for sale when it has been relisted.

Want numbers for your building? Contact Anne Rossley at Baird & Warner Gold Coast.