Magnolia, IL, Real Estate
Magnolia, IL, is a small, unincorporated village in Putnam County, nestled in the heart of rural Illinois. With a population of just a few hundred, it embodies the quiet charm of small-town America, surrounded by sprawling farmlands and open prairies. The village, originally settled in the 19th century, was named after the magnolia tree, reflecting its early settlers' appreciation for natural beauty. Magnolia is perhaps best known for its annual Magnolia Days Festival, a community celebration featuring parades, food, and local crafts that draws visitors from nearby areas. Its peaceful, close-knit atmosphere and proximity to the Illinois River make it a quaint stop for those seeking a slice of rural Midwestern life.
Magnolia currently has 1 single family home for sale with a list price of $399,000 and 1 lot for sale with a list price of $265,000. The average annual property tax for Magnolia is $1,710.50.
Browse Magnolia
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Magnolia, i.e. what's hot and what's not.
See What's Hot & What's Not in Magnolia
Market Trends
Magnolia home sales for the month of August stayed the same in volume when compared to last year, while the median sale price stayed the same.
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2
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3
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5
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4
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| 2021 | 2022 | 2023 | 2024 |
| # of sales per year | |||
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$264,200
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$310,000
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$135,000
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$196,500
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| 2021 | 2022 | 2023 | 2024 |
| median sale price per year | |||
Median Sale Price for Magnolia
Number of Sales for Magnolia
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