From October through December of 2021, there were three homes sold, with a median sale price of $240,000 - a 58.4% increase over the $151,500 median sale price for the same period of the previous year. There were four homes sold in Magnolia in the fourth quarter of 2020.
The median sales tax in Magnolia for the most recent year with available data, 2018, was $3,307, approximately 1.4% of the median home sale price for the fourth quarter of 2021.
The following table compares Magnolia to other Stark County cities with similar median sale prices in the fourth quarter of 2021:
| City | Oct. - Dec. 2021 Home Sales | Oct. - Dec. 2020 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2021 Median Sales Price | Oct. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lake Cable | 5 | 0 | - | $263,000 | $0 | - |
| Parkridge | 2 | 0 | - | $257,500 | $0 | - |
| Orchard Acres | 3 | 2 | 50% | $256,000 | $175,000 | 46.3% |
| Meyers Lake | 2 | 6 | -66.7% | $252,500 | $217,450 | 16.1% |
| Sweetbriar | 2 | 2 | 0% | $250,000 | $158,750 | 57.5% |
| Magnolia | 3 | 4 | -25% | $240,000 | $151,500 | 58.4% |
| Avondale | 6 | 10 | -40% | $235,750 | $150,500 | 56.6% |
| Indianola Estates | 3 | 4 | -25% | $231,000 | $187,500 | 23.2% |
| Uniontown | 47 | 59 | -20.3% | $230,000 | $212,000 | 8.5% |
| Lake Sherman Village | 1 | 0 | - | $223,000 | $0 | - |
| Canal Fulton | 50 | 66 | -24.2% | $220,000 | $179,500 | 22.6% |
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