$3,918 Closing Credit*
$329,900
3,195 SqFt
5 Beds
•2 Full Baths
Lori L Reese, Listing Office: TG Real Estate
Is Magnolia, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Magnolia was a Seller's Market.
Key Takeaway
Magnolia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Magnolia, OH
How much do homes in Magnolia, OH cost?
Median Sold Price
$229,900
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+21.1%)
Key Takeaway
Homes in Magnolia have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in Magnolia was $229,900 in November 2024, up 21.1% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $174K | $145K | -16.7% |
| 3 Bedrooms | $179.9K | $229.9K | +27.8% |
| 4 Bedrooms | $250K | $394.9K | +58.0% |
| 5+ Bedrooms | - | $280K | 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 decreased by 16.7%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 58%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Magnolia | $181.9K | $236.7K | +30.1% |
| Magnolia | $189.9K | $229.9K | +21.1% |
| Sandy Township | $159K | $189.9K | +19.4% |
Housing Supply in Magnolia, OH
How many homes are available in Magnolia, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The Magnolia real estate market had 8 homes for sale in November 2024, a 33.3% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 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 increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 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, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Magnolia in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Magnolia, OH
How long does it take to sell a home in Magnolia, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 2 Days | 83 Days | +4050.0% |
Summary: Homes in Magnolia had an average of 83 days on market in Nov 2024, up by 4050% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Magnolia has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Magnolia; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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