In September 2018, there were 21 homes sold, with a median sale price of $289,900 - a 3.4% decrease over the $300,031 median sale price for the same period of the previous year. There were 14 homes sold in Magnolia in September 2017.
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 September 2018.
The following table compares Magnolia to other Kent County cities with similar median sales prices in September 2018:
| City | Sept. 2018 Home Sales | Sept. 2017 Home Sales | % change (Total Home Sales) | Sept. 2018 Median Sales Price | Sept. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Village at Chestnut Ridge | 4 | 1 | 300% | $340,051 | $321,815 | 5.7% |
| Dogwood Meadows | 2 | 1 | 100% | $301,512 | $336,878 | -10.5% |
| Cheswold Farms | 1 | 0 | - | $300,000 | $0 | - |
| Hickory Ridge | 2 | 0 | - | $295,000 | $0 | - |
| Eagles Nest | 2 | 0 | - | $294,500 | $0 | - |
| Magnolia | 21 | 14 | 50% | $289,900 | $300,031 | -3.4% |
| Rising Sun-Lebanon | 8 | 7 | 14.3% | $276,450 | $229,000 | 20.7% |
| Woods Haven | 1 | 1 | 0% | $265,000 | $191,000 | 38.7% |
| Lucky Estates | 1 | 0 | - | $264,000 | $0 | - |
| Big Oak Corners | 1 | 1 | 0% | $254,900 | $256,900 | -0.8% |
| Garrison Lake Green | 2 | 2 | 0% | $247,500 | $269,000 | -8% |
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