From October through December of 2019, there were 48 homes sold, with a median sale price of $300,764 - a 3.5% increase over the $290,700 median sale price for the same period of the previous year. There were 49 homes sold in Magnolia in the fourth quarter 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 fourth quarter of 2019.
The following table compares Magnolia to other Kent County cities with similar median sales prices in the fourth quarter of 2019:
| City | Oct. - Dec. 2019 Home Sales | Oct. - Dec. 2018 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2019 Median Sales Price | Oct. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Foxhall Courtside | 4 | 1 | 300% | $320,765 | $161,356 | 98.8% |
| Brookfield | 1 | 2 | -50% | $315,000 | $325,500 | -3.2% |
| Brenford | 2 | 1 | 100% | $305,000 | $275,000 | 10.9% |
| Rising Sun-Lebanon | 20 | 14 | 42.9% | $301,700 | $276,000 | 9.3% |
| Church Creek | 2 | 3 | -33.3% | $301,500 | $232,000 | 30% |
| Magnolia | 48 | 49 | -2% | $300,764 | $290,700 | 3.5% |
| Pennwood | 2 | 0 | - | $300,500 | $0 | - |
| Wind Song Farms | 4 | 1 | 300% | $290,664.50 | $295,000 | -1.5% |
| Clayton | 56 | 63 | -11.1% | $278,933.50 | $205,000 | 36.1% |
| Hammville | 2 | 2 | 0% | $278,000 | $219,500 | 26.7% |
| Garrison Lake Green | 5 | 6 | -16.7% | $269,000 | $267,500 | 0.6% |
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