In November 2020, there were 17 homes sold, with a median sale price of $360,876 - a 6.2% increase over the $339,900 median sale price for the same period of the previous year. There were 15 homes sold in Magnolia in November 2019.
The median sales tax in Magnolia for the most recent year with available data, 2015, was $805, approximately 0.2% of the median home sale price for November 2020.
The following table compares Magnolia to other Kent County cities with similar median sales prices in November 2020:
| City | Nov. 2020 Home Sales | Nov. 2019 Home Sales | % change (Total Home Sales) | Nov. 2020 Median Sales Price | Nov. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Village at Chestnut Ridge | 1 | 4 | -75% | $483,821 | $247,531 | 95.5% |
| Quails Nest | 2 | 0 | - | $412,500 | $0 | - |
| Hickory Ridge | 1 | 0 | - | $372,900 | $0 | - |
| Brookfield | 1 | 0 | - | $370,000 | $0 | - |
| Magnolia | 17 | 15 | 13.3% | $360,876 | $339,900 | 6.2% |
| Planters Woods | 1 | 1 | 0% | $352,500 | $235,000 | 50% |
| Highland Acres | 3 | 3 | 0% | $350,710 | $48,000 | 630.6% |
| Cedarbrook Acres | 2 | 2 | 0% | $338,000 | $181,827 | 85.9% |
| Woodside | 1 | 0 | - | $313,500 | $0 | - |
| Rising Sun-Lebanon | 8 | 4 | 100% | $306,255 | $263,000 | 16.4% |
| Clayton | 18 | 15 | 20% | $303,256 | $279,517 | 8.5% |
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