From January through December of 2019, there were 178 homes sold, with a median sale price of $300,309 - a 7.3% increase over the $280,000 median sale price for the previous year. There were 191 homes sold in Magnolia in 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 2019.
The following table compares Magnolia to other Kent County cities with similar median sales prices in 2019:
| City | Jan. - Dec. 2019 Home Sales | Jan. - Dec. 2018 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2019 Median Sales Price | Jan. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Village at Chestnut Ridge | 43 | 74 | -41.9% | $313,432 | $301,694 | 3.9% |
| Quails Nest | 4 | 8 | -50% | $312,500 | $288,550 | 8.3% |
| Moores Lake Development | 4 | 8 | -50% | $310,000 | $344,150 | -9.9% |
| Brenford | 7 | 12 | -41.7% | $305,000 | $276,500 | 10.3% |
| Hickory Ridge | 7 | 10 | -30% | $305,000 | $267,450 | 14% |
| Magnolia | 178 | 191 | -6.8% | $300,308.50 | $280,000 | 7.3% |
| Rising Sun-Lebanon | 81 | 68 | 19.1% | $299,555 | $282,650 | 6% |
| Brookfield | 2 | 11 | -81.8% | $293,000 | $2,661 | 10910.9% |
| Wind Song Farms | 10 | 7 | 42.9% | $292,536 | $295,000 | -0.8% |
| Garrison Lake Green | 22 | 20 | 10% | $292,250 | $259,250 | 12.7% |
| Clayton | 221 | 238 | -7.1% | $275,600 | $227,660 | 21.1% |
ORGANIZATIONS IN THIS STORY
!RECEIVE ALERTS
The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Alerts Sign-up