Is Mokena, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mokena has remained a Seller's Market.
Housing Prices in Mokena, IL
How much do homes in Mokena, IL cost?
Median Sold Price
$384,250
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mokena was $384,250 in April 2024, up 9.1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $128K | +16.4% |
2 Bedrooms | $250K | $267.7K | +7.1% |
3 Bedrooms | $327.5K | $327.5K | 0.0% |
4 Bedrooms | $545.5K | $519.5K | -4.8% |
5+ Bedrooms | $540K | $675K | +25.0% |
Summary: Mokena housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 7.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
Tinley Park | $262.6K | $292.8K | +11.5% |
New Lenox Township | $359.7K | $394.8K | +9.8% |
Mokena | $352.3K | $384.2K | +9.1% |
Frankfort Township | $400.1K | $410.3K | +2.5% |
Frankfort | $525K | $451.6K | -14.0% |
Housing Supply in Mokena, IL
How many homes are available in Mokena, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 87 | +17.6% |
Summary: The Mokena real estate market had 87 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 17 | +6.3% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 21 | 28 | +33.3% |
5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Mokena housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Mokena in April 2024, down by 3.8% month-over-month. Of the 25 sold homes, 28% were sold under asking, 16% were sold at asking, and 56% were sold over asking.
Days on Market for Mokena, IL
How long does it take to sell a home in Mokena, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 26 Days | +47.4% |
Summary: Homes in Mokena had an average of 26 days on market in Apr 2024, up by 47.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Mokena; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.