In December 2019, there were 20 homes sold, with a median sale price of $277,445 - a 6% decrease over the $295,000 median sale price for the same period of the previous year. There were 13 homes sold in Magnolia in December 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 December 2019.
The following table compares Magnolia to other Kent County cities with similar median sales prices in December 2019:
| City | Dec. 2019 Home Sales | Dec. 2018 Home Sales | % change (Total Home Sales) | Dec. 2019 Median Sales Price | Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Foxhall Courtside | 1 | 0 | - | $386,780 | $0 | - |
| Quails Nest | 2 | 1 | 100% | $342,500 | $41,300 | 729.3% |
| Rising Sun-Lebanon | 12 | 5 | 140% | $314,400 | $169,900 | 85.1% |
| Wind Song Farms | 1 | 0 | - | $297,649 | $0 | - |
| Clayton | 20 | 19 | 5.3% | $296,250 | $204,822 | 44.6% |
| Magnolia | 20 | 13 | 53.8% | $277,444.50 | $295,000 | -6% |
| Bush Manor | 1 | 0 | - | $275,000 | $0 | - |
| Church Creek | 1 | 2 | -50% | $275,000 | $190,804.50 | 44.1% |
| Woods Haven | 1 | 1 | 0% | $260,000 | $209,000 | 24.4% |
| Garrison Lake Green | 1 | 1 | 0% | $259,600 | $263,000 | -1.3% |
| Brookhaven Estates | 1 | 0 | - | $254,900 | $0 | - |
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