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Featured local agent — Magnolia, IL
Sarah Mitchell
Compass Real Estate · Magnolia, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Magnolia, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$120,000median sale price
How is the Magnolia, IL housing market right now?
The median home sale price in Magnolia, IL is $120,000, down 40.0% year-over-year. Homes sell in an average of 51 days. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of August 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Magnolia a buyer's or seller's market?
Magnolia, IL is currently a leaning buyer's and homes selling in about 51 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
51
Average pace
Active listings
—
Sale-to-list
96.0%
Below asking
What does the Magnolia housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $120,000 |
| Year-over-year price change | -40.0% |
| Average days on market | 51 days |
| Sale-to-list price ratio | 96.0% |
| Median price per sq ft | $86/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Magnolia by property type?
How the Magnolia, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $120,000 | $86/sq ft | 1 | 51 days |
Source: Redfin · Updated monthly
The Magnolia housing market is currently classified as a leaning buyer's with a median sale price of $120,000. Prices have fallen 40.0% compared to last year, with homes spending an average of 51 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Magnolia
Explore homes currently listed for sale in Magnolia, Illinois across major real estate platforms.
Who lives in Magnolia?
Population
212
Median income
$74,500/yr
Median age
47.9 years
Owner-occupied
60.8%
College grads
12.0%
Avg commute
25.8 min
Source: U.S. Census Bureau ACS
What is it like to live in Magnolia?
Magnolia is a community of approximately 0K residents with a median age of 47.9 years.The median household income is $74,500, which represents a working-class community with solid middle-income opportunities. 12.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.8%, showing a blend of owner and renter-occupied properties. The average commute time is 25.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Magnolia offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Magnolia, IL?
Want a head-to-head view? Compare Magnolia side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Magnolia?
The median home sale price in Magnolia is $120,000, down 40.0% from last year.
How long do homes stay on market in Magnolia?
Homes typically spend 51 days on market before going under contract.
What is the median income in Magnolia?
The median household income is $74,500 per year.
How much does a single-family home cost in Magnolia?
The median single-family home price in Magnolia, IL is $120,000 (about $86 per square foot).
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