In June 2020, there were 25 homes sold, with a median sale price of $300,000. There were 11 homes sold in Magnolia in June 2019, and the median sales price for the period was also $300,000.
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 June 2020.
The following table compares Magnolia to other Kent County cities with similar median sales prices in June 2020:
| City | June 2020 Home Sales | June 2019 Home Sales | % change (Total Home Sales) | June 2020 Median Sales Price | June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Moores Lake Development | 1 | 0 | - | $343,000 | $0 | - |
| Brookhaven Estates | 2 | 0 | - | $342,997.50 | $0 | - |
| Lucky Estates | 2 | 0 | - | $305,318 | $0 | - |
| Rising Sun-Lebanon | 4 | 8 | -50% | $303,315 | $298,220 | 1.7% |
| Brenford | 2 | 0 | - | $301,500 | $0 | - |
| Magnolia | 25 | 11 | 127.3% | $300,000 | $300,000 | 0% |
| Hartly | 1 | 7 | -85.7% | $297,000 | $101,500 | 192.6% |
| Pennwood | 1 | 0 | - | $296,900 | $0 | - |
| Hall Estates | 1 | 0 | - | $295,000 | $0 | - |
| Voshell Mill | 3 | 0 | - | $295,000 | $0 | - |
| Cedarbrook Acres | 2 | 1 | 100% | $283,000 | $217,000 | 30.4% |
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