property
River North Property Values Rise 4.8 Percent Quarterly Versus Same Period Last Year
Second-quarter medians reached $892,000 as sales along Kinzie Street outpaced 2025 levels amid tighter inventory.
How we reported this
Median sale prices for River North homes increased 4.8 percent in the second quarter of 2026 over the same stretch in 2025.
The gain comes as mortgage rates hover near 6.4 percent and available listings fell to their lowest June total since 2022. Local buyers now face fewer options on streets that drew steady corporate relocations from firms with offices near the Chicago River.
Street-Level Activity
Transactions on Kinzie Street between Clark and Wells posted the strongest quarterly lift, with eight units closing above list price. The River North branch of the East Bank Club reported a 15 percent rise in member inquiries tied to new residents at nearby buildings. Properties near the Merchandise Mart also moved quicker, with average days on market dropping to 28 from 41 a year earlier.
Two-bedroom condos in the 300 block of West Superior Street sold for a median $765,000, up $38,000 from the prior year. Larger three-bedroom units near the riverwalk averaged $1.12 million, reflecting demand from households priced out of the Gold Coast.
Numbers Behind the Trend
Chicago Association of Realtors data released July 8 showed 142 closed sales in River North for April through June, down 12 percent from 162 in 2025. The median price settled at $892,000, compared with $851,000 twelve months ago. Inventory stood at 214 active listings on June 30, the lowest end-of-quarter count in four years.
Price growth concentrated in buildings completed between 2015 and 2019, where assessments rose an average 6.2 percent. Newer towers with river views saw smaller gains of 2.9 percent, limited by higher monthly assessments.
Buyers entering the market this summer should review recent comps on Kinzie and Superior before making offers. Pre-approval letters from local lenders remain essential, as multiple bids continue on units priced under $900,000.
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.