Housing in Magnolia, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — August 2025Median Sale Price
$120,000
Median List Price
N/A
Price Per Sq Ft
$85
Days on Market
51
Active Inventory
N/A
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Sale-to-List Ratio
96.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$85
Magnolia vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Magnolia is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$134,300
Median Rent
$641
Total Housing Units
109
Vacancy Rate
6.4%
Owner Occupied
60.8%
Renter Occupied
39.2%
Median Property Tax
$1,861
per year
Monthly Cost (w/ Mortgage)
$1,089
Housing Types
The current median sale price in Magnolia, IL is $120,000 according to Redfin data. Homes spend a median of 51 days on the market. 0.0% of homes sold above asking price. The median price per square foot is $85. The median rent is $641 per month (Census ACS). About 60.8% of housing units are owner-occupied. The median year homes were built is 1974. There are 109 total housing units.