The Magnolia housing market is very competitive. The median sale price of a home in Magnolia was $1.2M last month, up 22.6% since last year. The median sale price per square foot in Magnolia is $551, down 9.23% since last year.
What is the housing market like in Magnolia today?
In April 2024, Magnolia home prices were up 22.6% compared to last year, selling for a median price of $1.2M. On average, homes in Magnolia sell after 7 days on the market compared to 10 days last year. There were 87 homes sold in April this year, up from 65 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,165,000
+22.6% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Magnolia, WA
$1,165,000
+22.6%
United States
To compare other locations to the Magnolia and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Seattle add value to a home.
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How hot is the Magnolia housing market?
Magnolia is very competitive. Homes sell in 6 days.
0
100
87
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 6 days.
Hot homes
can sell for about 7% above list price and go pending in around 4 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Magnolia, WA
100.9%
+1.0 pt
United States
Home offer insights for Magnolia
Explore recent offers and recently sold homes in Magnolia
Recent offers
Offer Not Accepted|
11 Weeks Ago
~$850K Offer
Sold for $950K
3bd | 1.75ba | ~1,750sqft
Under List Price
4%
Days on Market
8
Competing Offers
5
Down Payment
—
Jason McWalter
Magnolia Redfin Agent
My clients were concerned about the foundation and lowered their offer at the last minute. Orginially they wanted to escalate to 950k, but ended only going to 870k. 6 offers in total. Top offer escalated for 980k. Will sell for less than the max.…
More
Offer Not Accepted|
3 Weeks Ago
~$1.5M Offer
Sold for $1.5M
3bd | 1.75ba | ~2,250sqft
Over List Price
15%
Days on Market
1
Competing Offers
2
Down Payment
~50%
Lisa Radovich
Magnolia Redfin Agent
Offer Not Accepted|
4 Weeks Ago
~$1.25M Offer
Sold for $1.5M
4bd | 2ba | ~2,500sqft
Under List Price
5%
Days on Market
4
Competing Offers
1
Down Payment
~40%
Lisa Radovich
Magnolia Redfin Agent
Offer Not Accepted|
6 Weeks Ago
~$2M Offer
Sold for $3M
6bd | 5.25ba | ~4,000sqft
Under List Price
38%
Days on Market
59
Competing Offers
1
Down Payment
—
Alysan Long
Magnolia Redfin Agent
Offer Not Accepted|
9 Weeks Ago
~$2.25M Offer
Sold for $2.25M
5bd | 3.5ba | ~3,500sqft
Under List Price
10%
Days on Market
5
Competing Offers
2
Down Payment
~20%
Nick Alexander
Magnolia Redfin Agent
View houses in Magnolia that sold recently
Recently sold homes
SOLD MAY 22, 2024
$605,000 Last Sold Price
2 beds
2 baths
1,800 sq ft
3630 26th Pl W Unit 201C, Seattle, WA 98199
Portia Gray • Windermere RE Magnolia Best Choice Realty
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Magnolia housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Magnolia.
Risk Factor
Flood Factor - Moderate
4% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Magnolia has a moderate risk of flooding. 223 properties in Magnolia are likely to be
severely affected
by flooding over the next 30 years. This represents 4% of all properties in Magnolia. Flood risk is increasing slower than the national average.
1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Magnolia has a minor risk of wildfire. There are 80 properties in Magnolia that have some risk of being affected by wildfire over the next 30 years. This represents 1% of all properties in Magnolia.