The median sale price of a home sold in January 2021 in Magnolia rose by $105,475 while total sales increased by 40%, according to BlockShopper.com.
In January 2021, there were 14 homes sold, with a median sale price of $367,250 - a 40.3% increase over the $261,775 median sale price for the same period of the previous year. There were 10 homes sold in Magnolia in January 2020.
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 January 2021.
The following table compares Magnolia to other Kent County cities with similar median sale prices in January 2021:
| City | Jan. 2021 Home Sales | Jan. 2020 Home Sales | % change (Total Home Sales) | Jan. 2021 Median Sales Price | Jan. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Magnolia | 14 | 10 | 40% | $367,250 | $261,775 | 40.3% |
| Riverview | 3 | 4 | -25% | $359,900 | $310,000 | 16.1% |
| Voshell Mill | 1 | 0 | - | $347,000 | $0 | - |
| Bishops Corner | 1 | 1 | 0% | $335,000 | $253,106 | 32.4% |
| Clayton | 23 | 13 | 76.9% | $320,000 | $327,900 | -2.4% |
| Rising Sun-Lebanon | 10 | 6 | 66.7% | $319,715 | $318,567.50 | 0.4% |
| Foxhall Courtside | 2 | 1 | 100% | $318,990 | $359,255 | -11.2% |
| Quails Nest | 1 | 0 | - | $312,330 | $0 | - |
| Felton Heights | 1 | 0 | - | $312,000 | $0 | - |
| Garrison Lake Green | 1 | 1 | 0% | $305,000 | $248,000 | 23% |
| Dogwood Meadows | 1 | 2 | -50% | $301,810 | $281,349 | 7.3% |
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