Foreclosure Homes in Magnolia, IL 61336

Buyer vs Seller Market in Magnolia, IL

The real estate market in Magnolia is relatively stable, with home prices experiencing moderate growth. As of late 2023, there is a steady demand for housing, particularly from families looking to escape urban environments for quieter living.

Recent trends show a growing interest in small-town life, which is positively impacting property values. The presence of local amenities and community events make Magnolia an attractive place for potential buyers.

Rent Prices In Magnolia, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Magnolia, IL, is on a rollercoaster ride. The average rent price in Magnolia, IL, is $1,027.00. Indeed, when looking to rent in Magnolia, IL, you can expect to pay as little as $700.00 or as much as $1,720.00, with the average rent median estimated to be $1,020.00. The good news is that finding an affordable and desirable property to rent in Magnolia, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.