In November 2019, there were 15 homes sold, with a median sale price of $339,900 - a 21.4% increase over the $280,000 median sale price for the same period of the previous year. There were 15 homes sold in Magnolia in November 2018, as well.
The median sales tax in Magnolia for the most recent year with available data, 2015, was $805, approximately 0.2% of the median home sale price for November 2019.
The following table compares Magnolia to other Kent County cities with similar median sales prices in November 2019:
| City | Nov. 2019 Home Sales | Nov. 2018 Home Sales | % change (Total Home Sales) | Nov. 2019 Median Sales Price | Nov. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Pennwood | 1 | 0 | - | $350,000 | $0 | - |
| Magnolia | 15 | 15 | 0% | $339,900 | $280,000 | 21.4% |
| Wind Song Farms | 2 | 0 | - | $336,840 | $0 | - |
| Hammville | 1 | 1 | 0% | $330,000 | $170,000 | 94.1% |
| Kenton | 2 | 2 | 0% | $314,500 | $59,000 | 433.1% |
| Brenford | 2 | 0 | - | $305,000 | $0 | - |
| Clayton | 15 | 19 | -21.1% | $279,517 | $233,900 | 19.5% |
| Garrison Lake Green | 3 | 2 | 50% | $269,000 | $273,450 | -1.6% |
| Felton | 12 | 20 | -40% | $266,400 | $162,000 | 64.4% |
| Rising Sun-Lebanon | 4 | 4 | 0% | $263,000 | $206,000 | 27.7% |
| Big Oak Corners | 2 | 0 | - | $248,000 | $0 | - |
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