From April through June of 2020, there were 57 homes sold, with a median sale price of $300,000 - a 1.7% decrease over the $305,100 median sale price for the same period of the previous year. There were 42 homes sold in Magnolia in the second quarter of 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 the second quarter of 2020.
The following table compares Magnolia to other Kent County cities with similar median sales prices in the second quarter of 2020:
| City | Apr. - June 2020 Home Sales | Apr. - June 2019 Home Sales | % change (Total Home Sales) | Apr. - June 2020 Median Sales Price | Apr. - June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Moores Lake Development | 1 | 0 | - | $343,000 | $0 | - |
| Village at Chestnut Ridge | 5 | 7 | -28.6% | $339,900 | $295,000 | 15.2% |
| Foxhall Courtside | 5 | 0 | - | $325,000 | $0 | - |
| Eagles Nest | 4 | 0 | - | $302,450 | $0 | - |
| Brenford | 2 | 1 | 100% | $301,500 | $293,000 | 2.9% |
| Magnolia | 57 | 42 | 35.7% | $300,000 | $305,100 | -1.7% |
| Hall Estates | 2 | 0 | - | $300,000 | $0 | - |
| Pennwood | 1 | 1 | 0% | $296,900 | $285,000 | 4.2% |
| Rising Sun-Lebanon | 19 | 21 | -9.5% | $296,490 | $298,000 | -0.5% |
| Ryans Run | 2 | 4 | -50% | $292,500 | $232,500 | 25.8% |
| Garrison Lake Green | 5 | 2 | 150% | $284,900 | $299,950 | -5% |
ORGANIZATIONS IN THIS STORY
!RECEIVE ALERTS
The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Alerts Sign-up