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Featured local agent — Panola, IL
Sarah Mitchell
Compass Real Estate · Panola, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Panola, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$199,900median sale price
How is the Panola, IL housing market right now?
The median home sale price in Panola, IL is $199,900. Homes sell in an average of 1 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of July 2023 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Panola a buyer's or seller's market?
Panola, IL is currently a balanced market and homes selling in about 1 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
1
Fast-moving
Active listings
—
Sale-to-list
100.0%
Above asking
What does the Panola housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $199,900 |
| Average days on market | 1 days |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $129/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Panola by property type?
How the Panola, 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 | $199,900 | $129/sq ft | 1 | 1 days |
Source: Redfin · Updated monthly
The Panola housing market is currently classified as a balanced market with a median sale price of $199,900. Prices have fallen 0.0% compared to last year, with homes spending an average of 1 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 Panola
Explore homes currently listed for sale in Panola, Illinois across major real estate platforms.
Who lives in Panola?
Population
32
Median income
$78,750/yr
Median age
53.5 years
Owner-occupied
100.0%
College grads
36.0%
Avg commute
31 min
Source: U.S. Census Bureau ACS
What is it like to live in Panola?
Panola is a community of approximately 0K residents with a median age of 53.5 years.The median household income is $78,750, which reflects a relatively affluent area with strong earning potential. 36.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 31 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Panola offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Panola, IL?
Want a head-to-head view? Compare Panola side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Panola?
The median home sale price in Panola is $199,900, down 0.0% from last year.
How long do homes stay on market in Panola?
Homes typically spend 1 days on market before going under contract.
What is the median income in Panola?
The median household income is $78,750 per year.
How much does a single-family home cost in Panola?
The median single-family home price in Panola, IL is $199,900 (about $129 per square foot).
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