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Adobe Stock
From October through December of 2020, there were 55 homes sold, with a median sale price of $347,000 - a 15.4% increase over the $300,764 median sale price for the same period of the previous year. There were 48 homes sold in Magnolia in the fourth quarter of 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 the fourth quarter of 2020.
The following table compares Magnolia to other Kent County cities with similar median sale prices in the fourth quarter of 2020:
| City | Oct. - Dec. 2020 Home Sales | Oct. - Dec. 2019 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2020 Median Sales Price | Oct. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Pennwood | 1 | 2 | -50% | $490,000 | $300,500 | 63.1% |
| Quails Nest | 4 | 2 | 100% | $412,500 | $342,500 | 20.4% |
| Hickory Ridge | 4 | 0 | - | $378,900 | $0 | - |
| Magnolia | 55 | 48 | 14.6% | $347,000 | $300,764 | 15.4% |
| Brenford | 2 | 2 | 0% | $336,562.50 | $305,000 | 10.3% |
| Foxhall Courtside | 11 | 4 | 175% | $319,990 | $320,765 | -0.2% |
| Hall Estates | 2 | 1 | 100% | $317,450 | $225,000 | 41.1% |
| Garrison Lake Green | 1 | 5 | -80% | $315,000 | $269,000 | 17.1% |
| Woodside | 3 | 1 | 200% | $313,500 | $165,000 | 90% |
| Bishops Corner | 3 | 1 | 200% | $309,000 | $175,000 | 76.6% |
| Rising Sun-Lebanon | 23 | 20 | 15% | $308,910 | $301,700 | 2.4% |
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