In September 2020, there were 18 homes sold, with a median sale price of $283,500 - a 4.1% decrease over the $295,629 median sale price for the same period of the previous year. There were 19 homes sold in Magnolia in September 2019.
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 September 2020.
The following table compares Magnolia to other Kent County cities with similar median sales prices in September 2020:
| City | Sept. 2020 Home Sales | Sept. 2019 Home Sales | % change (Total Home Sales) | Sept. 2020 Median Sales Price | Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Brookfield | 1 | 0 | - | $306,000 | $0 | - |
| Brenford | 3 | 2 | 50% | $300,000 | $275,000 | 9.1% |
| Bethel | 1 | 0 | - | $300,000 | $0 | - |
| Brookhaven Estates | 1 | 0 | - | $295,000 | $0 | - |
| Church Creek | 1 | 0 | - | $285,000 | $0 | - |
| Magnolia | 18 | 19 | -5.3% | $283,500 | $295,629 | -4.1% |
| Highland Acres | 5 | 5 | 0% | $280,000 | $320,000 | -12.5% |
| Bishops Corner | 1 | 0 | - | $269,900 | $0 | - |
| Felton | 20 | 17 | 17.6% | $266,000 | $250,000 | 6.4% |
| Woodfield | 3 | 0 | - | $265,000 | $0 | - |
| Misty Pines | 1 | 2 | -50% | $250,000 | $134,950 | 85.3% |
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