The Magnolia housing market is very competitive. The median sale price of a home in Magnolia was $831K last month, up 10.8% since last year. The median sale price per square foot in Magnolia is $437, down 34.3% since last year.
What is the housing market like in Magnolia today?
In October 2024, Magnolia home prices were up 10.8% compared to last year, selling for a median price of $831K. On average, homes in Magnolia sell after 95 days on the market compared to 22 days last year. There were 3 homes sold in October this year, down from 9 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$831,250
+10.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Magnolia, MA
$831,250
+10.8%
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 Gloucester add value to a home.
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How hot is the Magnolia housing market?
Magnolia is very competitive. Homes sell in 21 days.
0
100
73
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 12 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 21 days.
Hot homes
can sell for about 5% above list price and go pending in around 14 days.
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.
Flood Factor - Minor
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Magnolia has a minor risk of flooding. 73 properties in Magnolia are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Magnolia. Flood risk is increasing slower than the national average.
7% of properties are at risk of wildfire over the next 30 years
Fire Factor
Magnolia has a moderate risk of wildfire. There are 54 properties in Magnolia that have some risk of being affected by wildfire over the next 30 years. This represents 7% of all properties in Magnolia.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Magnolia has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Magnolia is most at risk from hurricanes. 760 properties in Magnolia have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 127 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 143 mph.