In January 2020, there were 10 homes sold, with a median sale price of $261,775 - a 7.5% decrease over the $283,000 median sale price for the same period of the previous year. There were 16 homes sold in Magnolia in January 2019.
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 January 2020.
The following table compares Magnolia to other Kent County cities with similar median sales prices in January 2020:
| City | Jan. 2020 Home Sales | Jan. 2019 Home Sales | % change (Total Home Sales) | Jan. 2020 Median Sales Price | Jan. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Riverview | 4 | 1 | 300% | $310,000 | $215,392 | 43.9% |
| Ryans Run | 3 | 0 | - | $285,000 | $0 | - |
| Dogwood Meadows | 2 | 0 | - | $281,349 | $0 | - |
| Brookhaven Estates | 1 | 0 | - | $275,000 | $0 | - |
| Cheswold | 1 | 0 | - | $274,900 | $0 | - |
| Magnolia | 10 | 16 | -37.5% | $261,775 | $283,000 | -7.5% |
| Bishops Corner | 1 | 0 | - | $253,106 | $0 | - |
| Garrison Lake Green | 1 | 3 | -66.7% | $248,000 | $265,900 | -6.7% |
| Planters Woods | 1 | 0 | - | $245,000 | $0 | - |
| Woodside | 1 | 0 | - | $241,000 | $0 | - |
| Hall Estates | 3 | 1 | 200% | $239,900 | $138,000 | 73.8% |
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