The median sale price of a home sold in August 2019 in Magnolia rose by $12,986 while total sales decreased by 15%, according to BlockShopper.com.
In August 2019, there were 17 homes sold, with a median sale price of $307,000 – a 4.4% increase over the $294,015 median sale price for the same period of the previous year. There were 20 homes sold in Magnolia in August 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 August 2019.
The following table compares Magnolia to other Kent County cities with similar median sales prices in August 2019:
| City | Aug. 2019 Home Sales | Aug. 2018 Home Sales | % change (Total Home Sales) | Aug. 2019 Median Sales Price | Aug. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wind Song Farms | 1 | 1 | 0% | $374,353 | $290,000 | 29.1% |
| Voshell Mill | 1 | 0 | – | $355,000 | $0 | – |
| Village at Chestnut Ridge | 9 | 4 | 125% | $339,900 | $336,462.50 | 1% |
| Star Hill | 1 | 4 | -75% | $335,000 | $53,400 | 527.3% |
| Garrison Lake Green | 5 | 1 | 400% | $322,000 | $305,500 | 5.4% |
| Magnolia | 17 | 20 | -15% | $307,000 | $294,014.50 | 4.4% |
| Rising Sun-Lebanon | 6 | 6 | 0% | $305,350 | $359,950 | -15.2% |
| Riverview | 2 | 5 | -60% | $276,000 | $193,500 | 42.6% |
| Cedarbrook Acres | 2 | 1 | 100% | $274,750 | $244,900 | 12.2% |
| Clayton | 21 | 30 | -30% | $271,797 | $271,750 | 0% |
| Brookfield | 1 | 0 | – | $271,000 | $0 | – |
