Mokena Market Report · IL Home Values
Mokena, IL holds about 7,602 homes, with a median year built of 1995. Mokena is in Will County. Most homes were built from 1970 to 1999. The housing is single-family detached and attached homes. The Old Plank Road Trail crosses town. The train from Mokena station reaches the Loop in about 65 minutes.
The Mokena median sold price stands at $425,297, down 8.8% over 11 months. The twelve-month high was $515,000. 218 homes closed over the period, averaging 98.7% of list price most recently, with a median 47 days on market.
Read the trend, not the single month. Mokena pricing follows preparation and seasonality more than it follows rate news, and the spread between prepared and unprepared homes is wider than the median suggests. A street-level read is a different number from the one above, and the table below is where it starts.
Data provided by Redfin, a national real estate brokerage, and the U.S. Census Bureau's American Community Survey.
Mokena by the month
12 months of Mokena closings. Each panel is one series; the table carries every figure.
Data provided by Redfin, a national real estate brokerage, and the U.S. Census Bureau's American Community Survey.
Twelve months of Mokena closings
| Month | Median sold | Closed | New listings | Median days on market | List-to-sale |
|---|---|---|---|---|---|
| 11 months ago | $466,450 | 17 | 20 | 46 | 100% |
| 10 months ago | $465,000 | 16 | 20 | 51 | 99.2% |
| 9 months ago | $452,500 | 17 | 16 | 46 | 99% |
| 8 months ago | $445,000 | 13 | 15 | 50 | 98.2% |
| 7 months ago | $470,000 | 13 | 17 | 53 | 98.8% |
| 6 months ago | $440,000 | 14 | 21 | 70 | 98.7% |
| 5 months ago | $405,000 | 20 | 23 | 67 | 98.8% |
| 4 months ago | $421,000 | 22 | 24 | 49 | 99.7% |
| 3 months ago | $465,000 | 22 | 26 | 46 | 100% |
| 2 months ago | $515,000 | 22 | 28 | 43 | 100.1% |
| 1 month ago | $465,000 | 21 | 28 | 43 | 99.4% |
| Latest | $425,297 | 21 | 28 | 47 | 98.7% |
Data provided by Redfin, a national real estate brokerage, and the U.S. Census Bureau's American Community Survey.
What the Mokena numbers say
The median Mokena home sold for $425,297, down 8.8% from $466,450 eleven months earlier. The twelve-month high was $515,000.
The median home spent about seven weeks on the market and homes closed at 98.7% of list price. That is 1 day slower than eleven months earlier.
At the pace of the last three months, the 68 homes on the market in Mokena represent about 3.2 months of supply: less than four months, which is the range where prepared homes tend to clear quickly and buyers have little room to wait.
Buyers have room to read a listing's history before writing, and a price that has sat is a price worth asking about. The gap between asking and closing prices is where preparation shows up: the spread between a well-prepared home and an unprepared one is wider than the median suggests.
Data provided by Redfin, a national real estate brokerage, and the U.S. Census Bureau's American Community Survey.
