Mokena Real Estate

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Mokena Real Estate & Homes for Sale in Illinois

The Village of Mokena is located in the northeastern region of the Prairie State. Originally a minuscule community of 500 residents, the village currently has a population of approximately 19,000. Mokena is ideally located in Will County (which borders Cook County) less than 30 miles away from the dynamic city of Chicago. Mokena residents enjoy the warm ambiance of the quiet countryside while maintaining proximity to the metropolitan amenities of the Windy City.

This small suburban village is strategically positioned near interstates 80 and 57, providing residents with easy access to and from Mokena. Local employment for Mokena residents is provided by several industries including education, health and social services, retail trade, manufacturing, finance, insurance and real estate.

Public school students in Mokena attend top-rated schools within Mokena School District 159 and Lincoln Way Community High School District 210. The Mokena Community Park District covers more than 20 square miles containing a remarkable 231 acres of open space. The district also provides hundreds of annual programs tailored to the recreational desires of residents.

For parks and recreation, Mokena residents can head on over to the 33-acre Main Park. Main Park is equipped with a lighted softball and baseball fields, a soccer/football field, volleyball courts, tennis courts, a playground, basketball courts, a pavilion, a wooded walking path, a picnic grove and a concession stand.

Mokena's real estate market is diverse and features listings for single-family homes in styles ranging from ranch to Georgian. Townhouses and condominiums can be found at prices to suit any lifestyle.

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Mokena Real Estate Market: Price Range of Mokena Houses for Sale

Single-family detached homes for sale make up the backbone of Mokena's real estate market. These homes generally have three or four bedrooms, two or three bathrooms, a basement, a fireplace and a two-car garage and are priced from approximately $250,000 to $400,000. Townhouses and condominiums in Mokena are priced from approximately $100,000 to the mid-$200,000s for one or two-bedroom units.

Houses in Mokena are available in a variety of styles including ranch, Victorian, colonial, Georgian, Cape Cod, traditional and contemporary. Most homes for sale are located on large lots and some boast acreage. Larger estate properties and luxury executive homes are available in Mokena with five or more bedrooms and four or more baths, with some located on lots of at least three acres. These larger homes for sale are priced toward the higher end of the spectrum. Lots and land are available in Mokena for custom development.

Mokena Real Estate Stats and Trends for the week of March 31st, 2020: homes priced around $341,367 compared to $341,367 the previous week, to remain steady with no change in listing price.  For Tuesday, March 31st, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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