How Competitive is the Mokena Housing Market?
Mokena, a suburb near Chicago, IL, is a competitive housing market. About 37% of homes sold above list price in the 3 months ending June 2026, down from a year ago.
The National Picture
Nationally, 24.6% of homes sold above asking in June 2026, and the typical home spent 50 days on market. Mokena's 37.4% sold-above rate exceeds the national average, and its 46-day median keeps pace. Buyers here face more competition than in most U.S. markets.
Bidding Activity Falls From Last Year's Peak
At exactly 100% sale-to-list, Mokena homes sell right at asking price -- neither above nor below. That's a notable cooldown from last year, when 52% sold above list compared to today's 37%. Nearby New Lenox (56% sold above, 101.4%) now significantly outpaces Mokena in overbidding, a reversal from their historically similar profiles.
Why is Mokena Competitive?
With 2.4 months of supply and 124 active listings, the market remains tight enough to generate bidding competition. Inventory held roughly flat year over year. About 12% of listings carry price drops, indicating most sellers price within the range. Pending sales rose 12%, signaling demand continues to grow.
Nearby Neighborhoods
| Neighborhood | Sold Above List | Sale-to-List | Days on Market | Off Mkt in 2 Wks |
|---|---|---|---|---|
| Mokena | 37.4% | 100.0% | 46 days | 59.3% |
| New Lenox, IL | 55.8% | 101.4% | 41 days | 68.1% |
| Frankfort, IL | 31.9% | 99.0% | 50 days | 44.7% |
| Tinley Park, IL | 46.9% | 100.2% | 42 days | 61.4% |
| Joliet, IL | 43.9% | 100.1% | 51 days | 52.9% |
| Bolingbrook, IL | 56.7% | 101.3% | 43 days | 64.6% |
Limited to neighborhoods with at least 10 home sales in the period.
All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.
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