In June 2019, there were 11 homes sold, with a median sale price of $300,000 - a 14.3% increase over the $262,500 median sale price for the same period of the previous year. There were 22 homes sold in Magnolia in June 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 June 2019.
The following table compares Magnolia to other Kent County cities with similar median sales prices in June 2019:
| City | June 2019 Home Sales | June 2018 Home Sales | % change (Total Home Sales) | June 2019 Median Sales Price | June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Dogwood Meadows | 2 | 1 | 100% | $413,454.50 | $318,404 | 29.9% |
| Bowers | 1 | 2 | -50% | $382,000 | $250,500 | 52.5% |
| Hunters Ridge | 1 | 0 | - | $360,000 | $0 | - |
| Highland Acres | 7 | 6 | 16.7% | $305,000 | $275,950 | 10.5% |
| Magnolia | 11 | 22 | -50% | $300,000 | $262,500 | 14.3% |
| Rising Sun-Lebanon | 8 | 6 | 33.3% | $298,220 | $157,500 | 89.3% |
| Cheswold Farms | 2 | 0 | - | $295,000 | $0 | - |
| Clayton | 16 | 27 | -40.7% | $291,000 | $230,000 | 26.5% |
| Felton Heights | 1 | 0 | - | $282,000 | $0 | - |
| Lakeshore Village | 3 | 0 | - | $259,000 | $0 | - |
| Planters Woods | 1 | 1 | 0% | $243,500 | $257,500 | -5.4% |
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