The median sale price of a home sold in April 2019 in Magnolia rose by $39,650 while total sales increased by 14.3%, according to BlockShopper.com.
In April 2019, there were 16 homes sold, with a median sale price of $296,650 – a 15.4% increase over the $257,000 median sale price for the same period of the previous year. There were 14 homes sold in Magnolia in April 2018.
The median sales tax in Magnolia for the most recent year with available data, 2015, was $805, approximately 0.3% of the median home sale price for April 2019.
The following table compares Magnolia to other Kent County cities with similar median sales prices in April 2019:
| City | Apr. 2019 Home Sales | Apr. 2018 Home Sales | % change (Total Home Sales) | Apr. 2019 Median Sales Price | Apr. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bowers | 1 | 0 | – | $425,000 | $0 | – |
| Garrison Lake Green | 1 | 2 | -50% | $330,000 | $256,250 | 28.8% |
| Cheswold Farms | 1 | 2 | -50% | $325,600 | $237,611.50 | 37% |
| Dogwood Meadows | 2 | 1 | 100% | $313,250 | $280,800 | 11.6% |
| Voshell Mill | 2 | 0 | – | $312,450 | $0 | – |
| Magnolia | 16 | 14 | 14.3% | $296,650 | $257,000 | 15.4% |
| Village at Chestnut Ridge | 5 | 9 | -44.4% | $295,000 | $323,777 | -8.9% |
| Brenford | 1 | 1 | 0% | $293,000 | $171,680 | 70.7% |
| Hammville | 1 | 0 | – | $287,000 | $0 | – |
| Rising Sun-Lebanon | 6 | 6 | 0% | $276,000 | $170,200 | 62.2% |
| Clayton | 14 | 19 | -26.3% | $262,450 | $164,000 | 60% |
