Mokena, IL Home Values & Market Trends

Real estate market trends reflect that there have been 335 transactions over the past year in Mokena. The median value for residential home transactions that occurred over the previous year is $406,426.69. The number of current listings in Mokena is 15, and the percentage of properties for sale in the city is 15.00%. Mokena, IL currently has 9 properties in foreclosure, 0 bank owned properties, 7 properties headed for auction, and 15 properties for sale.

Mokena, IL Real Estate Market Overview

ZipMedian Est. Value
60448

$ 433,305

$ 146/sqft

Housing Market Summary for Mokena, IL

Mar 2023February 2024Change
Median Listing Price$344.9K$390.5K13.23%
Median Sold Price$392.5K$390.5K-0.52%
Homes For Sale101330.00%
Homes Sold2372505.49%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Mokena, IL

Mokena home values range from $29,338 to $2,523,020. The median estimated value of a home in Mokena is $406,426.69. The median list price of a home is 449,999, and the total count of properties in the city is 8,728.

Foreclosure
There is 1 zips within Mokena, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $1,059,549 in 60448 to the lowest value of $213,683 in 60448. Foreclosure homes account for 0.00% of properties in Mokena, IL with 60448 containing 9 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.02% of all residential properties in Mokena, IL with 60448 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Mokena, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $642,156 in 60448 to the lowest home value of $327,510 in 60448.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Mokena, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Mokena, IL. There is 1 zips within Mokena, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    60448 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Mokena, IL. Auction homes and other auction properties account for 0.08% of all properties in Mokena, IL. There is 1 zips within Mokena, IL; of that zips, the median estimated home value for homes going to auction ranges from $1,059,549 in 60448 to the lowest value of $213,683 in 60448.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.17% of residential properties in Mokena, IL with 60448 containing 15 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Mokena, IL; homes for sale in that zips, have a range of median values from $776,000 in 60448 to the lowest value of $205,716 in 60448.
    Sold Homes
    The median value for recently sold homes ranges from $2,184,975 in 60448 to the lowest price of $72,228 in 60448. There is 1 zips within Mokena, IL. 60448 has 243 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.78% of properties in Mokena, IL.

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      Guide for Mokena, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      A Luxury Mansion
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      Winning A Luxury Real Estate Auctions: Key Tips
      California
      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California
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      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
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      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

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      A few quick tips to prepare you for selling a luxury home at auction

      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California|posted 1 March 2024

      The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.

      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
      California|posted 1 March 2024

      Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.

      Recently Listed Homes Mokena, IL

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