CHICAGO
01/04/2013 04:15 pm ET Updated Jan 05, 2013

Most Expensive Real Estate: Chicago 2012 Listings That Broke The Bank (PHOTOS)

It was a down year in many real estate markets, but in 2012, Chicago had more than a few listings that were sky high.

While the median home price in Chicago (as of October 2012) was $185,000 according to Realtor.com, the most expensive listing of last year topped out at $32 million for a palatial penthouse in Trump Tower—also known as the building's entire 89th floor. The listing is said to be the city's priciest real estate listing ever.

Several more budget-busting pads at roughly half the asking rate of the Trump Tower penthouse sold in 2012, while the average price of the most expensive homes in Chicago hovered around $10 million.

Realtor.com said overall, U.S. for-sale housing inventory is down, but asking prices are dwindling, too.

The number of for-sale units — the inventory of American homes that includes single family homes, condos, townhomes and co-ops — was at a historically low level as of October 2012. According to Realtor.com, 1.76 million units remained on the market as of October 2012.

Read below to peek inside a selection of the 15 priciest real estate listings in Chicago in 2012, along with their initial, peak listing price.

PHOTO GALLERY
Most Expensive Chicago Listings Of 2012
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