$9,737 Closing Credit*
$819,950
1,249 SqFt
2 Beds
•2 Baths
Tom J. Skepetaris, Listing Office: Alchemy Real Estate
Is Magnolia, WA 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, WA
How much do homes in Magnolia, WA cost?
Median Sold Price
$1,217,500
$584/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$157,500(+14.9%)
Key Takeaway
Homes in Magnolia have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Magnolia was $1,217,500 in November 2024, up 14.9% from last year, and the median price per square foot was $584.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | $385K | +5.5% |
| 2 Bedrooms | $780K | $754.9K | -3.2% |
| 3 Bedrooms | $1.0M | $1.2M | +10.7% |
| 4 Bedrooms | $1.4M | $1.5M | +6.7% |
| 5+ Bedrooms | $1.9M | $2.0M | +3.5% |
Summary: Magnolia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in Magnolia, WA
How many homes are available in Magnolia, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 | 89 | -22.6% |
Summary: The Magnolia real estate market had 89 homes for sale in November 2024, a 22.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 37 | 30 | -18.9% |
| 4 Bedrooms | 26 | 14 | -46.2% |
| 5+ Bedrooms | 25 | 18 | -28.0% |
Summary: The Magnolia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes decreased by 46.2%, and 5+ bedroom homes decreased by 28%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 20 | -51.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Magnolia, you may be able to get a good deal. 55% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Magnolia in November 2024, down by 51.2% month-over-month. Of the 20 sold homes, 55% were sold under asking, 25% were sold at asking, and 20% were sold over asking.
Days on Market for Magnolia, WA
How long does it take to sell a home in Magnolia, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 54 Days | +33.9% |
Summary: Homes in Magnolia had an average of 54 days on market in Nov 2024, up by 33.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 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, 20 homes were sold in Magnolia; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.