In July 2018, there were 15 homes sold, with a median sale price of $275,000 - a 10.8% decrease over the $308,450 median sale price for the same period of the previous year. There were 16 homes sold in Magnolia in July 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 July 2018.
The following table compares Magnolia to other Kent County cities with similar median sales prices in July 2018:
| City | July 2018 Home Sales | July 2017 Home Sales | % change (Total Home Sales) | July 2018 Median Sales Price | July 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Cheswold Farms | 1 | 0 | - | $298,000 | $0 | - |
| Rising Sun-Lebanon | 8 | 8 | 0% | $297,500 | $293,071.50 | 1.5% |
| Riverview | 9 | 4 | 125% | $285,000 | $198,500 | 43.6% |
| Brenford | 3 | 1 | 200% | $285,000 | $270,000 | 5.6% |
| Voshell Cove | 2 | 0 | - | $279,950 | $0 | - |
| Magnolia | 15 | 16 | -6.3% | $275,000 | $308,450 | -10.8% |
| Hickory Ridge | 1 | 1 | 0% | $272,000 | $254,500 | 6.9% |
| Hammville | 1 | 0 | - | $270,000 | $0 | - |
| Marydel | 1 | 1 | 0% | $265,000 | $160,000 | 65.6% |
| Camden | 4 | 6 | -33.3% | $247,500 | $184,455.50 | 34.2% |
| John Char Estates | 1 | 2 | -50% | $245,000 | $261,000 | -6.1% |
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