The median sale price of a home sold in October 2020 in Magnolia rose by $64,950 while total sales increased by 69.2%, according to BlockShopper.com.
In October 2020, there were 22 homes sold, with a median sale price of $344,950 - a 23.2% increase over the $280,000 median sale price for the same period of the previous year. There were 13 homes sold in Magnolia in October 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 October 2020.
The following table compares Magnolia to other Kent County cities with similar median sales prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hickory Ridge | 2 | 0 | - | $407,500 | $0 | - |
| Riverview | 3 | 7 | -57.1% | $365,000 | $260,000 | 40.4% |
| Hall Estates | 1 | 0 | - | $365,000 | $0 | - |
| Brenford | 1 | 0 | - | $352,000 | $0 | - |
| Foxhall Courtside | 3 | 3 | 0% | $349,610 | $260,000 | 34.5% |
| Magnolia | 22 | 13 | 69.2% | $344,950 | $280,000 | 23.2% |
| Eagles Nest | 2 | 0 | - | $330,000 | $0 | - |
| Rising Sun-Lebanon | 8 | 4 | 100% | $322,310 | $312,800 | 3% |
| Bishops Corner | 1 | 1 | 0% | $315,000 | $175,000 | 80% |
| Lakeshore Village | 1 | 1 | 0% | $298,000 | $264,900 | 12.5% |
| Clayton | 23 | 21 | 9.5% | $297,000 | $269,750 | 10.1% |
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