Mokena home prices fall in the second quarter of 2020

Mokena home prices fall in the second quarter of 2020
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The median sale price of a home sold in the second quarter of 2020 in Mokena fell by $55,700 while total sales decreased by 46.9%, according to BlockShopper.com.

From April through June of 2020, there were 43 homes sold, with a median sale price of $278,000 – a 16.7% decrease over the $333,700 median sale price for the same period of the previous year. There were 81 homes sold in Mokena in the second quarter of 2019.

The median sales tax in Mokena for the most recent year with available data, 2018, was $7,586, approximately 2.7% of the median home sale price for the second quarter of 2020.

The following table compares Mokena to other Will County cities with similar median sales prices in the second quarter of 2020:

City Apr. – June 2020 Home Sales Apr. – June 2019 Home Sales % change (Total Home Sales) Apr. – June 2020 Median Sales Price Apr. – June 2019 Median Sales Price % change (Median Sales Price)
Plainfield 173 179 -3.4% $309,000 $297,000 4%
Cherry Hill 1 5 -80% $292,300 $220,000 32.9%
Shorewood 68 76 -10.5% $285,250 $242,200 17.8%
Lincolnwood Hills 1 3 -66.7% $284,000 $213,000 33.3%
Minooka 7 3 133.3% $280,000 $280,000 0%
Mokena 43 81 -46.9% $278,000 $333,700 -16.7%
New Lenox 135 110 22.7% $271,000 $268,000 1.1%
Aurora 27 57 -52.6% $265,000 $215,000 23.3%
Channahon 30 30 0% $248,000 $228,000 8.8%
Manhattan 47 53 -11.3% $247,000 $261,720 -5.6%
Bolingbrook 158 185 -14.6% $238,025 $218,000 9.2%


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