$5,456 Closing Credit*
$459,444
2,548 SqFt
3 Beds
•2 Full Baths, 2 Partial
Dorothy M Burton, Listing Office: Samson Properties of DE, LLC
Is Magnolia, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Magnolia has remained a Seller's Market.
Key Takeaway
Magnolia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Magnolia, DE
How much do homes in Magnolia, DE cost?
Median Sold Price
$355,000
$206/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$36,000(-9.2%)
Key Takeaway
Homes in Magnolia have sold for 9.2% less than they did a month ago.
Summary: The median home sold price in Magnolia was $355,000 in November 2024, down 9.2% from last month, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $105K | $190K | +81.0% |
| 3 Bedrooms | $350K | $310K | -11.4% |
| 4 Bedrooms | $434.9K | $451.4K | +3.8% |
| 5+ Bedrooms | $525K | - | N/A |
Summary: Magnolia housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 81%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes did not change.
Housing Supply in Magnolia, DE
How many homes are available in Magnolia, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 61 | -18.7% |
Summary: The Magnolia real estate market had 61 homes for sale in November 2024, a 18.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 31 | 25 | -19.4% |
| 4 Bedrooms | 33 | 24 | -27.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Magnolia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19.4%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 13 | -43.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Magnolia, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Magnolia in November 2024, down by 43.5% month-over-month. Of the 13 sold homes, 15% were sold under asking, 38% were sold at asking, and 46% were sold over asking.
Days on Market for Magnolia, DE
How long does it take to sell a home in Magnolia, DE?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 17 Days | -52.7% |
Summary: Homes in Magnolia had an average of 17 days on market in Nov 2024, down by 52.7% compared to last month.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Magnolia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Magnolia; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
