In February 2020, there were 15 homes sold, with a median sale price of $265,000 - a 19.5% decrease over the $329,000 median sale price for the same period of the previous year. There were nine homes sold in Magnolia in February 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 February 2020.
The following table compares Magnolia to other Kent County cities with similar median sales prices in February 2020:
| City | Feb. 2020 Home Sales | Feb. 2019 Home Sales | % change (Total Home Sales) | Feb. 2020 Median Sales Price | Feb. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Clayton | 11 | 17 | -35.3% | $304,900 | $288,500 | 5.7% |
| Rising Sun-Lebanon | 7 | 7 | 0% | $298,500 | $270,000 | 10.6% |
| Brenford | 1 | 0 | - | $289,900 | $0 | - |
| Lakeshore Village | 2 | 2 | 0% | $283,500 | $141,175 | 100.8% |
| Marydel | 1 | 3 | -66.7% | $270,000 | $173,000 | 56.1% |
| Magnolia | 15 | 9 | 66.7% | $265,000 | $329,000 | -19.5% |
| Moores Lake Development | 3 | 0 | - | $250,000 | $0 | - |
| Eagles Nest | 1 | 0 | - | $247,900 | $0 | - |
| Church Creek | 1 | 0 | - | $240,000 | $0 | - |
| Kent Acres | 1 | 1 | 0% | $240,000 | $130,000 | 84.6% |
| Hunters Ridge | 1 | 0 | - | $235,000 | $0 | - |
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