The Magnolia housing market is very competitive. The median sale price of a home in Magnolia was $1.1M last month, up 15.4% since last year. The median sale price per square foot in Magnolia is $552, down 3.9% since last year.
What is the housing market like in Magnolia today?
In March 2024, Magnolia home prices were up 15.4% compared to last year, selling for a median price of $1.1M. On average, homes in Magnolia sell after 8 days on the market compared to 43 days last year. There were 68 homes sold in March this year, up from 57 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,062,500
+15.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Magnolia, WA
$1,062,500
+15.4%
United States
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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 2% above list price and go pending in around 6 days.
Hot homes
can sell for about 5% 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
Mar 2024
Growth
% YoY
Magnolia, WA
101.8%
+3.3 pt
United States
Home offer insights for Magnolia
Explore recent offers and recently sold homes in Magnolia
Recent offers
Offer Not Accepted|
8 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.…
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.