In October 2018, there were 21 homes sold, with a median sale price of $290,700 - a 9.7% increase over the $265,000 median sale price for the same period of the previous year. There were 19 homes sold in Magnolia in October 2017.
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 October 2018.
The following table compares Magnolia to other Kent County cities with similar median sales prices in October 2018:
| City | Oct. 2018 Home Sales | Oct. 2017 Home Sales | % change (Total Home Sales) | Oct. 2018 Median Sales Price | Oct. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Moores Lake Development | 1 | 0 | - | $467,500 | $0 | - |
| Village at Chestnut Ridge | 8 | 3 | 166.7% | $334,546 | $161,500 | 107.1% |
| Rising Sun-Lebanon | 5 | 7 | -28.6% | $300,000 | $210,000 | 42.9% |
| Wind Song Farms | 1 | 1 | 0% | $295,000 | $342,500 | -13.9% |
| Magnolia | 21 | 19 | 10.5% | $290,700 | $265,000 | 9.7% |
| Dogwood Meadows | 1 | 3 | -66.7% | $287,000 | $255,000 | 12.5% |
| Garrison Lake Green | 3 | 1 | 200% | $272,000 | $110,000 | 147.3% |
| Smyrna | 47 | 38 | 23.7% | $260,500 | $222,500 | 17.1% |
| Hickory Ridge | 1 | 0 | - | $252,000 | $0 | - |
| Brookhaven Estates | 1 | 2 | -50% | $250,000 | $155,694 | 60.6% |
| Lakeshore Village | 1 | 0 | - | $247,000 | $0 | - |
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