In August 2017, there were 13 homes sold, with a median sale price of $299,437 - a 7.8% increase over the $277,823 median sale price for the same period of the previous year. There were 16 homes sold in Magnolia in August 2016.
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 2017.
The following table compares Magnolia to other Kent County cities with similar median sales prices in August 2017:
| City | Aug. 2017 Home Sales | Aug. 2016 Home Sales | % change (Total Home Sales) | Aug. 2017 Median Sales Price | Aug. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hickory Ridge | 3 | 1 | 200% | $400,000 | $380,000 | 5.3% |
| Dogwood Meadows | 1 | 1 | 0% | $395,224 | $261,800 | 51% |
| Voshell Mill | 1 | 1 | 0% | $332,500 | $106,000 | 213.7% |
| Bowers | 2 | 0 | - | $327,500 | $0 | - |
| Magnolia | 13 | 16 | -18.8% | $299,437 | $277,822.50 | 7.8% |
| Cheswold Farms | 1 | 0 | - | $275,000 | $0 | - |
| Pennwood | 1 | 0 | - | $275,000 | $0 | - |
| Hall Estates | 1 | 0 | - | $265,000 | $0 | - |
| Felton Heights | 1 | 0 | - | $264,900 | $0 | - |
| John Char Estates | 1 | 0 | - | $260,000 | $0 | - |
| Marydel | 1 | 4 | -75% | $259,415 | $100,375 | 158.4% |
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