property
River North Condo Prices Rise 4.8 Percent in Second Quarter Versus Same Period Last Year
Median sales reached $712,000 as inventory stayed tight along key corridors.
How we reported this
Median sale prices for condominiums in River North reached $712,000 during the second quarter of 2026, a 4.8 percent increase from the $679,000 median recorded in the same three months of 2025.
The gain occurs while buyers balance elevated mortgage rates with constrained supply in Chicago's central districts, conditions that have persisted since the Federal Reserve shifted its benchmark in March and amid ongoing national economic crosscurrents.
Sales activity concentrated along Kinzie Street and near the Merchandise Mart, where the River North Business Association documented multiple closings above list price tied to corporate transfers into the area.
Chicago Association of Realtors data recorded 187 condo transactions in River North from April through June, compared with 162 during the corresponding quarter last year, while average days on market fell to 28 from 35.
Neighborhood Price Patterns
Units on Superior Street averaged $650 per square foot, up from $620 twelve months earlier, while buildings fronting Ohio Street posted a median of $695,000. The 400 North Michigan Avenue mixed-use development released 22 new listings that cleared in under 30 days on average, supporting the year-over-year lift.
These blocks sit within walking distance of the Chicago Riverwalk and the gallery district, locations that continue to draw both end users and investors seeking proximity to employment centers in the Loop.
Next Steps for Buyers and Sellers
Anyone entering the market should check active listings on the multiple listing service for River North addresses and schedule showings early in the week to avoid weekend crowds. Agents recommend reviewing comparable sales from the past 90 days before submitting offers, given that third-quarter figures will not appear until October.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.