From January through March of 2021, there were eight homes sold, with a median sale price of $152,500 - a 46.6% increase over the $104,000 median sale price for the same period of the previous year. There were four homes sold in Magnolia in the first quarter of 2020.
The median sales tax in Magnolia for the most recent year with available data, 2018, was $3,307, approximately 2.2% of the median home sale price for the first quarter of 2021.
The following table compares Magnolia to other Stark County cities with similar median sale prices in the first quarter of 2021:
| City | Jan. - Mar. 2021 Home Sales | Jan. - Mar. 2020 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2021 Median Sales Price | Jan. - Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Richville | 7 | 7 | 0% | $162,900 | $137,000 | 18.9% |
| Lake View Heights | 4 | 3 | 33.3% | $159,500 | $215,000 | -25.8% |
| Meyers Lake | 2 | 6 | -66.7% | $158,600 | $138,000 | 14.9% |
| Fulton Heights | 1 | 3 | -66.7% | $154,000 | $165,500 | -6.9% |
| Oval City | 2 | 0 | - | $152,750 | $0 | - |
| Magnolia | 8 | 4 | 100% | $152,500 | $104,000 | 46.6% |
| Louisville | 59 | 57 | 3.5% | $151,500 | $135,000 | 12.2% |
| Navarre | 15 | 14 | 7.1% | $151,000 | $107,250 | 40.8% |
| Whipple Heights | 1 | 7 | -85.7% | $146,000 | $125,000 | 16.8% |
| Kendall Heights | 4 | 3 | 33.3% | $139,000 | $125,000 | 11.2% |
| Sweetbriar | 1 | 0 | - | $125,000 | $0 | - |
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