From July through September of 2018, there were 56 homes sold, with a median sale price of $289,900 - a 3.4% decrease over the $300,000 median sale price for the same period of the previous year. There were 43 homes sold in Magnolia in the third quarter of 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 the third quarter of 2018.
The following table compares Magnolia to other Kent County cities with similar median sales prices in the third quarter of 2018:
| City | July - Sept. 2018 Home Sales | July - Sept. 2017 Home Sales | % change (Total Home Sales) | July - Sept. 2018 Median Sales Price | July - Sept. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wind Song Farms | 2 | 1 | 100% | $324,790 | $336,381 | -3.4% |
| Voshell Mill | 1 | 4 | -75% | $322,000 | $322,500 | -0.2% |
| Dogwood Meadows | 3 | 4 | -25% | $300,000 | $290,939 | 3.1% |
| Cheswold Farms | 2 | 1 | 100% | $299,000 | $275,000 | 8.7% |
| Rising Sun-Lebanon | 22 | 24 | -8.3% | $293,500 | $237,000 | 23.8% |
| Magnolia | 56 | 43 | 30.2% | $289,900 | $300,000 | -3.4% |
| Brenford | 4 | 4 | 0% | $285,000 | $232,500 | 22.6% |
| Voshell Cove | 2 | 2 | 0% | $279,950 | $172,400 | 62.4% |
| Hickory Ridge | 5 | 4 | 25% | $272,000 | $336,000 | -19% |
| Hammville | 3 | 2 | 50% | $270,000 | $140,009.50 | 92.8% |
| Woods Haven | 1 | 4 | -75% | $265,000 | $181,500 | 46% |
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