$7,113 Closing Credit*
$599,000
1,018 SqFt
2 Beds
•2 Full Baths
Jennifer Daniels, Listing Office: Windermere Real Estate Co.
Is Magnolia, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$1,205,000
$584/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$130,500(+12.1%)
Key Takeaway
Homes in Magnolia have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Magnolia was $1,205,000 in September 2024, up 12.1% from last year, and the median price per square foot was $584.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $356.7K | $391.5K | +9.7% |
| 2 Bedrooms | $789.9K | $794.7K | +0.6% |
| 3 Bedrooms | $1.0M | $1.1M | +9.2% |
| 4 Bedrooms | $1.6M | $1.5M | -3.3% |
| 5+ Bedrooms | $1.8M | $2.1M | +14.4% |
Summary: Magnolia housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Southeast Magnolia | $1.0M | $1.2M | +17.4% |
| Magnolia | $1.0M | $1.2M | +12.1% |
| Pleasant Valley | $967.5K | $1.0M | +3.4% |
Housing Supply in Magnolia, WA
How many homes are available in Magnolia, WA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 120 | 135 | +12.5% |
Summary: The Magnolia real estate market had 135 homes for sale in September 2024, a 12.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 12 | -14.3% |
| 2 Bedrooms | 21 | 23 | +9.5% |
| 3 Bedrooms | 41 | 43 | +4.9% |
| 4 Bedrooms | 29 | 33 | +13.8% |
| 5+ Bedrooms | 15 | 24 | +60.0% |
Summary: The Magnolia housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 35 | 27 | -22.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Magnolia, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Magnolia in September 2024, down by 22.9% month-over-month. Of the 27 sold homes, 44% were sold under asking, 37% were sold at asking, and 19% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 19 Days | 26 Days | +34.3% |
Summary: Homes in Magnolia had an average of 26 days on market in Sep 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 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 September 2024, 27 homes were sold in Magnolia; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% 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.