The median sale price of a home in Magnificent Mile was $472K last month, down 48.8% since last year. The median sale price per square foot in Magnificent Mile is $452, up 17.4% since last year.
What is the housing market like in Magnificent Mile today?
In October 2024, Magnificent Mile home prices were down 48.8% compared to last year, selling for a median price of $472K. On average, homes in Magnificent Mile sell after 82 days on the market compared to 87 days last year. There were 34 homes sold in October this year, up from 19 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$471,500
-48.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Magnificent Mile, IL
$471,500
-48.8%
United States
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All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
98.5%
+4.5 pt YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Magnificent Mile, IL
98.5%
+4.5 pt
United States
View houses in Magnificent Mile that sold recently
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Magnificent Mile housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Magnificent Mile.
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Magnificent Mile has a minor risk of flooding. 7 properties in Magnificent Mile are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Magnificent Mile. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Magnificent Mile has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Magnificent Mile is most at risk from hurricanes. 151 properties in Magnificent Mile have some risk of being in a severe wind event within the next 30 years.
84% of properties are at minor
risk of heat over the next 30 years
Heat Factor
Magnificent Mile has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 84% of homes in Magnificent Mile have a Minor Heat Factor®.
Magnificent Mile is expected to see a 100% increase in the number of days over 100ºF over the next 30 years. Magnificent Mile is expected to experience 8