In September 2019, there were 19 homes sold, with a median sale price of $295,629 - a 2% increase over the $289,900 median sale price for the same period of the previous year. There were 21 homes sold in Magnolia in September 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 September 2019.
The following table compares Magnolia to other Kent County cities with similar median sales prices in September 2019:
| City | Sept. 2019 Home Sales | Sept. 2018 Home Sales | % change (Total Home Sales) | Sept. 2019 Median Sales Price | Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Rising Sun-Lebanon | 7 | 8 | -12.5% | $310,000 | $276,450 | 12.1% |
| Hickory Ridge | 3 | 2 | 50% | $305,000 | $295,000 | 3.4% |
| Dogwood Meadows | 2 | 2 | 0% | $304,326.50 | $301,512 | 0.9% |
| Village at Chestnut Ridge | 1 | 4 | -75% | $302,263 | $340,051 | -11.1% |
| Garrison Lake Green | 2 | 2 | 0% | $299,750 | $247,500 | 21.1% |
| Magnolia | 19 | 21 | -9.5% | $295,629 | $289,900 | 2% |
| Brenford | 2 | 0 | - | $275,000 | $0 | - |
| Clayton | 20 | 15 | 33.3% | $252,242.50 | $214,500 | 17.6% |
| Felton | 17 | 21 | -19% | $250,000 | $195,000 | 28.2% |
| Smyrna | 39 | 38 | 2.6% | $245,000 | $220,000 | 11.4% |
| Milford | 6 | 9 | -33.3% | $244,950 | $145,299 | 68.6% |
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