$2,019 Closing Credit*
$170,000
1,715 SqFt
3 Beds
•1 Full Bath, 1 Partial
LILLIE HERNANDEZ, Listing Office: FLORIDA HOMES REALTY & MTG LLC
Is Magnolia Gardens, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Magnolia Gardens was a Seller's Market.
Key Takeaway
Magnolia Gardens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Magnolia Gardens, FL
How much do homes in Magnolia Gardens, FL cost?
Median Sold Price
$150,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+9.1%)
Key Takeaway
Homes in Magnolia Gardens have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Magnolia Gardens was $150,000 in October 2024, up 9.1% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $80K | $90K | +12.5% |
| 3 Bedrooms | $137.5K | $139.9K | +1.8% |
| 4 Bedrooms | $130K | $198K | +52.3% |
| 5+ Bedrooms | $292.5K | $634.9K | +117.1% |
Summary: Magnolia Gardens housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 52.3%, and 5+ bedroom homes increased by 117.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Magnolia Gardens | $137.5K | $150K | +9.1% |
| Northwest Jacksonville | $225K | $227.8K | +1.3% |
Housing Supply in Magnolia Gardens, FL
How many homes are available in Magnolia Gardens, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Magnolia Gardens real estate market had 29 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Magnolia Gardens housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Magnolia Gardens, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Magnolia Gardens in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Magnolia Gardens, FL
How long does it take to sell a home in Magnolia Gardens, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 31 Days | +39.6% |
Summary: Homes in Magnolia Gardens had an average of 31 days on market in Oct 2024, up by 39.6% compared to last year.
Breakdown of Home Sale Times
2 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 Gardens are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Magnolia Gardens; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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