From July through December of 2020, there were 128 homes sold, with a median sale price of $331,000 - a 10% increase over the $301,028 median sale price for the same period of the previous year. There were 98 homes sold in Magnolia in the second half 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 second half of 2020.
The following table compares Magnolia to other Kent County cities with similar median sale prices in the second half of 2020:
| City | July - Dec. 2020 Home Sales | July - Dec. 2019 Home Sales | % change (Total Home Sales) | July - Dec. 2020 Median Sales Price | July - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Pennwood | 1 | 3 | -66.7% | $490,000 | $251,000 | 95.2% |
| Wind Song Farms | 1 | 7 | -85.7% | $431,500 | $297,649 | 45% |
| Quails Nest | 8 | 3 | 166.7% | $412,500 | $290,000 | 42.2% |
| Hickory Ridge | 6 | 3 | 100% | $378,900 | $305,000 | 24.2% |
| Voshell Mill | 6 | 4 | 50% | $363,264.50 | $226,738 | 60.2% |
| Magnolia | 128 | 98 | 30.6% | $331,000 | $301,028 | 10% |
| Village at Chestnut Ridge | 8 | 26 | -69.2% | $329,495 | $317,634 | 3.7% |
| Foxhall Courtside | 24 | 9 | 166.7% | $319,555 | $226,000 | 41.4% |
| Woodside | 3 | 1 | 200% | $313,500 | $165,000 | 90% |
| Rising Sun-Lebanon | 47 | 40 | 17.5% | $311,620 | $309,650 | 0.6% |
| Big Oak Corners | 1 | 2 | -50% | $311,000 | $248,000 | 25.4% |
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