The $1 million-plus condo market in Streeterville runs on a different clock than the rest of downtown. In the 30 days ending September 28, 2026, Anne Rossley's Near North update found that 87% of $1 to $2 million condos sold below list, at a median of 94.5% of list price, while the $500,000 to $750,000 range was the strongest, with 58% of units at or above list. Above $2 million, supply ran about 6 months and 74% of active listings had been on the market for more than 90 days. In ZIP code 60611, luxury pricing rewards precision, not optimism.

How the $1M + Tier Behaves

What makes the luxury tier different?

More units compete, fewer purchases close quickly and negotiation is normal. In July 2026, citywide condo supply was 1.5 months from $800,000 to $1.2 million, 2.5 months from $1.2 to $1.8 million and 4.6 months above $1.8 million, with the typical sale above $1.8 million taking 62 days at 98.0% of original list. The higher the price, the longer the clock and the wider the negotiating room. For contrast, see Streeterville homes under $750,000.

Does well-priced luxury still sell?

Yes. Above $2 million in Near North, 4 of 11 closings sold within 14 days, so well-priced units still move. The difference is that units that sell fast are priced to the evidence, while those that wait accumulate days. In Anne Rossley's downtown Chicago luxury condo market update, she advised pricing to where the market is today, not to last year's high.

Streeterville's Luxury Setting

What sets Streeterville luxury apart?

Streeterville offers full-service high-rise living near the lake, Michigan Avenue and Northwestern's medical corridor, according to the June luxury update. Browse Streeterville penthouses, high-rise listings and duplex condos to see how top-tier units are positioned. Floor height, exposure and layout drive value, so a corner unit with lake views is priced against similar units, not against the building's average.

How should I think about Near North context?

Streeterville sits within Near North, so buyers cross-shop the area's Near North Side listings, Near North penthouses and Near North high-rise listings, along with the Near North Chicago homes for sale page. Check those pages to see what else a luxury buyer can choose instead of your unit.

Pricing Strategy Above $1 Million

How should I price a $1M+ condo?

Use closed sales in your own building and in comparable towers, then adjust for views and floor. Across all Near North condos, the September data shows asking prices running about 11% per square foot above closed sales, and the June update noted that price per square foot at the very top had eased from its early-2025 peak. Aspirational pricing is where days on market and reductions accumulate.

What do price reductions do at this level?

In Near North, the 11 closings that had a price cut took a median of 161 days and sold at 88.3% of the new list price, while units that were never cut took 25.5 days. That sample covers all price ranges, but luxury inventory, with 74% of $2 million-plus listings past 90 days, shows the same risk of aging. A cut after two months rarely recovers the early window.

Preparing a Luxury Condo for Sale

What should I read before I list?

Start with the downtown Chicago luxury condo guide and read Anne Rossley's post on what Chicago condo buyers want in 2026. Then gather building documents, since lenders and buyers review reserves, assessments and insurance even at the top of the market.

Who should price my unit?

Anne Rossley, a 39-year veteran and Managing Broker at Baird & Warner Gold Coast, publishes the market data behind her pricing advice. Her 540+ transactions, about $15M in average annual sales and 57 Google 5-star reviews are all public, so a luxury seller can verify the record and ask to see the comparable sales behind every recommendation.

The Bottom Line on $1M+ Streeterville Condos

In Streeterville, luxury pricing rewards precision. The $1 to $2 million tier gave buyers leverage, above $2 million the clock ran long, and yet well-priced units still sold quickly. Price to closed comparables, prepare your building documents and treat the first two weeks as the most valuable window you have.

Contact Anne Rossley at Baird & Warner Gold Coast | 773-620-5333 | anne@rossley.com | www.annerossley.com for a FREE 2026-27 Market Strategy Session