$35,000
0.86 Acres
Land
Kenneth D McLamb, Listing Office: Southern Heritage Realty
Is Magnolia, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 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, NC
How much do homes in Magnolia, NC cost?
Median Sold Price
$257,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$94,000(+57.7%)
Key Takeaway
Homes in Magnolia have sold for 57.7% more than they did a year ago.
Summary: The median home sold price in Magnolia was $257,000 in November 2024, up 57.7% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $127.5K | $219K | +71.8% |
| 3 Bedrooms | $163K | $237.5K | +45.7% |
| 4 Bedrooms | $216K | $512K | +137.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Magnolia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 71.8%, 3 bedroom homes increased by 45.7%, 4 bedroom homes increased by 137%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Magnolia | $163K | $257K | +57.7% |
| Magnolia Township | $163K | $219K | +34.4% |
Housing Supply in Magnolia, NC
How many homes are available in Magnolia, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Magnolia real estate market had 5 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Magnolia, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Magnolia in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Magnolia, NC
How long does it take to sell a home in Magnolia, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 31 Days | -45.7% |
Summary: Homes in Magnolia had an average of 31 days on market in Nov 2024, down by 45.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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, 2 homes were sold in Magnolia; 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.
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