The median sale price of a home in Magnificent Mile was $662K last month, up 23.1% since last year. The median sale price per square foot in Magnificent Mile is $339, down 14.8% since last year.
What is the housing market like in Magnificent Mile today?
In March 2024, Magnificent Mile home prices were up 23.1% compared to last year, selling for a median price of $662K. On average, homes in Magnificent Mile sell after 120 days on the market compared to 130 days last year. There were 31 homes sold in March this year, down from 32 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$661,500
+23.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Magnificent Mile, IL
$661,500
+23.1%
United States
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How hot is the Magnificent Mile housing market?
Learn what it takes to have a winning offer
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
94.5%
-1.3 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Magnificent Mile, IL
94.5%
-1.3 pt
United States
Home offer insights for Magnificent Mile
Explore recent offers and recently sold homes in Magnificent Mile
Recent offers
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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.
Risk Factor
Flood Factor - Minor
11% 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 11% of all properties in Magnificent Mile. Flood risk is increasing slower than the national average.
Magnificent Mile has minimal risk of severe winds over the next 30 years
Wind Factor
Magnificent Mile has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
80% 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 80% 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