From July through December of 2019, there were 98 homes sold, with a median sale price of $301,028 - a 3.8% increase over the $289,900 median sale price for the same period of the previous year. There were 105 homes sold in Magnolia in the second half of 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 the second half of 2019.
The following table compares Magnolia to other Kent County cities with similar median sales prices in the second half of 2019:
| City | July - Dec. 2019 Home Sales | July - Dec. 2018 Home Sales | % change (Total Home Sales) | July - Dec. 2019 Median Sales Price | July - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Garrison Lake Green | 12 | 11 | 9.1% | $311,000 | $261,500 | 18.9% |
| Moores Lake Development | 4 | 6 | -33.3% | $310,000 | $411,250 | -24.6% |
| Rising Sun-Lebanon | 40 | 36 | 11.1% | $309,650 | $287,450 | 7.7% |
| Hickory Ridge | 3 | 8 | -62.5% | $305,000 | $262,000 | 16.4% |
| Brenford | 6 | 5 | 20% | $305,000 | $285,000 | 7% |
| Magnolia | 98 | 105 | -6.7% | $301,028 | $289,900 | 3.8% |
| Brookfield | 2 | 3 | -33.3% | $293,000 | $281,000 | 4.3% |
| Wind Song Farms | 6 | 3 | 100% | $290,664.50 | $295,000 | -1.5% |
| Quails Nest | 3 | 3 | 0% | $290,000 | $268,100 | 8.2% |
| Clayton | 124 | 129 | -3.9% | $275,150 | $230,000 | 19.6% |
| Church Creek | 3 | 5 | -40% | $275,000 | $232,000 | 18.5% |
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