Will County Gazette

Will County Gazette

Monday, December 9, 2019

Mokena home prices fall in October 2018

Real Estate

By Local Labs News Service | Nov 14, 2018

Re 1

The median sale price of a home sold in October 2018 in Mokena fell by $45,000 while total sales decreased by 34.5%, according to BlockShopper.com.

In October 2018, there were 19 homes sold, with a median sale price of $275,000 - a 14.1% decrease over the $320,000 median sale price for the same period of the previous year. There were 29 homes sold in Mokena in October 2017.

The median sales tax in Mokena for the most recent year with available data, 2017, was $7,395.90, approximately 2.7% of the median home sale price for October 2018.

The following table compares Mokena to other Will County cities with similar median sales prices in October 2018:

City
Oct. 2018 Home Sales
Oct. 2017 Home Sales
% change (Total Home Sales)
Oct. 2018 Median Sales Price
Oct. 2017 Median Sales Price
% change (Median Sales Price)
Frankfort
32
34
-5.9%
$336,500
$379,250
-11.3%
Homer Glen
41
28
46.4%
$315,000
$315,000
0%
Wheatland View
1
0
-
$300,000
$0
-
Peotone
3
3
0%
$294,115
$161,000
82.7%
Plainfield
57
75
-24%
$284,000
$250,000
13.6%
Mokena
19
29
-34.5%
$275,000
$320,000
-14.1%
Manhattan
16
23
-30.4%
$273,400
$293,611
-6.9%
Tinley Park
10
11
-9.1%
$250,000
$233,000
7.3%
New Lenox
49
38
28.9%
$245,000
$281,500
-13%
Channahon
10
13
-23.1%
$236,950
$190,000
24.7%
Frankfort Square
10
18
-44.4%
$235,000
$226,000
4%

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