Home Values

Mokena Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$277,500

  • 7.1% 1-year change
  • 1.4% 1-year forecast

The median home value in Mokena is $277,500. Mokena home values have gone up 7.1% over the past year and Zillow predicts they will rise 1.4% within the next year. The median list price per square foot in Mokena is $135, which is higher than the Chicago Metro average of $127. The median price of homes currently listed in Mokena is $297,000 while the median price of homes that sold is $313,385.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Mokena is 5.2%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Mokena homeowners underwater on their mortgage is 14.7%, which is lower than Chicago Metro at 25.3%.

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Relative ZHVI
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Mokena Market Overview

Data through Jan 31, 2015
  • $277,500 ZHVI
  • 1.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $297,000 Median listing price
  • $313,385 Median sale price (Dec 31, 2014)
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Mokena Market Health

Data through Jan 31, 2015
  • 4.5/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 14.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Palos Park $338,200
Frankfort $330,900
Homer Glen $302,700
Name Median ZHVI
New Lenox $250,000
Orland Park $246,300
Frankfort Square $195,900
Name Median ZHVI
Orland Hills $190,500
Tinley Park $190,400
Matteson $136,600

Listings & Sales

Data through Jan 31, 2015
  • $135 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
25.5%
Sold below listing
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Mokena Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,953 Mokena
    $1,609 Chicago Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.11 Rent list price / sq ft
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