In August 2018, there were 20 homes sold, with a median sale price of $294,015 - a 1.8% decrease over the $299,437 median sale price for the same period of the previous year. There were 13 homes sold in Magnolia in August 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 August 2018.
The following table compares Magnolia to other Kent County cities with similar median sales prices in August 2018:
| City | Aug. 2018 Home Sales | Aug. 2017 Home Sales | % change (Total Home Sales) | Aug. 2018 Median Sales Price | Aug. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Pennwood | 1 | 1 | 0% | $355,000 | $275,000 | 29.1% |
| Village at Chestnut Ridge | 4 | 3 | 33.3% | $336,462.50 | $120,000 | 180.4% |
| Moores Lake Development | 3 | 1 | 200% | $333,300 | $175,000 | 90.5% |
| Garrison Lake Green | 1 | 2 | -50% | $305,500 | $247,500 | 23.4% |
| Viola | 1 | 1 | 0% | $300,000 | $101,250 | 196.3% |
| Magnolia | 20 | 13 | 53.8% | $294,014.50 | $299,437 | -1.8% |
| Wind Song Farms | 1 | 0 | - | $290,000 | $0 | - |
| Highland Acres | 4 | 3 | 33.3% | $273,000 | $220,000 | 24.1% |
| Clayton | 30 | 26 | 15.4% | $271,750 | $201,750 | 34.7% |
| Brenford | 1 | 1 | 0% | $259,900 | $79,900 | 225.3% |
| Hickory Ridge | 2 | 3 | -33.3% | $250,000 | $400,000 | -37.5% |
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