From January through December of 2020, there were 223 homes sold, with a median sale price of $308,265 - a 2.6% increase over the $300,309 median sale price for the previous year. There were 178 homes sold in Magnolia in 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 2020.
The following table compares Magnolia to other Kent County cities with similar median sale prices in 2020:
| City | Jan. - Dec. 2020 Home Sales | Jan. - Dec. 2019 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2020 Median Sales Price | Jan. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Pennwood | 4 | 6 | -33.3% | $348,450 | $250,500 | 39.1% |
| Voshell Mill | 10 | 8 | 25% | $344,999.50 | $327,000 | 5.5% |
| Cheswold Farms | 1 | 5 | -80% | $335,000 | $315,000 | 6.3% |
| Village at Chestnut Ridge | 32 | 43 | -25.6% | $330,403.50 | $313,432 | 5.4% |
| Foxhall Courtside | 33 | 9 | 266.7% | $325,000 | $226,000 | 43.8% |
| Magnolia | 223 | 178 | 25.3% | $308,265 | $300,308.50 | 2.6% |
| Clayton | 184 | 221 | -16.7% | $305,000 | $275,600 | 10.7% |
| Rising Sun-Lebanon | 84 | 81 | 3.7% | $303,507.50 | $299,555 | 1.3% |
| Brenford | 10 | 7 | 42.9% | $302,500 | $305,000 | -0.8% |
| Brookfield | 4 | 2 | 100% | $300,500 | $293,000 | 2.6% |
| Eagles Nest | 18 | 9 | 100% | $299,950 | $245,000 | 22.4% |
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