Magnolia Homes for Sale

/20
$350,000 Open Sat 12PM - 1:30PM
- 1 Bed
- 1 Bath
- 765 Sq Ft
2 Ocean Ave Unit 1J, Gloucester, MA 01930

Coastal Living at Its Best! Located in the beautiful Magnolia Village! This is a first-floor unit rare to find!! It is perfect for downsizers, first-time home buyers, or anyone seeking a coastal getaway. This charming 1-bedroom, 1-bath condo offers a comfortable living space just moments from the ocean. Enjoy the convenience of in-building laundry, assigned parking, and a private patio for

Gabriela DeBenedicitis Coldwell Banker Realty - Manchester

2 Ocean Ave Unit 1J, Gloucester, MA 01930
Explore Magnolia
/30
$699,000
- 3 Beds
- 2 Baths
- 1,624 Sq Ft
156 Hesperus Ave Unit 4, Gloucester, MA 01930

Perfectly situated in Magnolia Village, this detached 3BR, 2BA carriage house offers character, charm, and seasonal ocean views. Surrounded by landscaped grounds, the home features light-filled interiors with high ceilings, hardwood floors, and an updated kitchen. The first floor includes two bedrooms, full bath, and laundry/utility room. Upstairs, a private primary suite boasts cathedral

Amanda Armstrong Compass

156 Hesperus Ave Unit 4, Gloucester, MA 01930
/42
$1,525,000 Open Sat 11AM - 12:30PM
- 5 Beds
- 4 Baths
- 4,059 Sq Ft
7 Emily Ln, Gloucester, MA 01930

Nestled at the end of a quiet lane on nearly two acres in scenic Magnolia, this 1880 Queen Anne shingle-style residence provides the perfect blend of privacy, elegance, and comfort. Set high on Long Hill, the home has been beautifully updated while preserving its period charm and craftsman quality, including custom built-ins & window seats, 5 fireplaces, and a wraparound porch ideal for listening

Amanda Armstrong Compass

7 Emily Ln, Gloucester, MA 01930
/40
$1,595,000
- 3 Beds
- 2.5 Baths
- 2,514 Sq Ft
24 Flume Rd, Gloucester, MA 01930

Enjoy breathtaking ocean views from this beautifully maintained home. The spacious and inviting front entry welcomes you with a grand "good morning" staircase that leads to an open-concept main level. The kitchen and dining areas flow seamlessly into a bright and sunny skylit sunroom, also known as the "Florida Room. "Designed with entertaining in mind, this home features a formal living room and

Heather Dagle RE/MAX Beacon

24 Flume Rd, Gloucester, MA 01930

Massachusetts Essex County Gloucester Magnolia

Why Live in Magnolia

Magnolia, a neighborhood in Gloucester, offers a diverse range of housing styles, including ranch-style homes, Cape Cods, New Englander styles, and Colonial Revival-inspired homes, many of which were built between the 1880s and 1980s. These homes often feature muted colors and modest-sized yards with porches and personal gardens. Outdoor attractions in Magnolia include the scenic Gray Beach, also known as Magnolia Beach, and Magnolia Pier, ideal for fishing and enjoying Massachusetts Bay views. Ravenswood Park, a short drive away, provides over 10 miles of shaded gravel trails. The Magnolia Library and Community Center, a community staple since 1886, hosts various events and offers study spaces. History enthusiasts can visit the Hammond Castle Museum, which houses European artifacts. Dining options include GrillFriends Restaurant, known for comfort food, and Magnolia 525 Tavern, offering cocktails and seafood. The Magnolia Community Farmers' Market operates every Sunday from mid-June to mid-September. The neighborhood is pedestrian-friendly, with ample sidewalks connecting the beach to shops on Lexington Avenue. For commuters, the West Gloucester commuter rail station is less than 4 miles away, and major highways like Interstate 95 and U.S. Route 1 are accessible via the Yankee Division Highway. Addison Gilbert Hospital is 5 miles away, and Boston Logan International Airport is 40 miles to the south. Students attend Gloucester Public Schools, which are highly rated and known for their athletic programs.

Learn more about living in Magnolia

Frequently Asked Questions

Is Magnolia a good place to live?

Magnolia is a good place to live. Magnolia is considered very car-dependent and somewhat bikeable with minimal transit options. Magnolia has 6 parks for recreational activities. It has a median age of 54. The average household income is $135,191 which is above the national average. College graduates make up 47.1% of residents. A majority of residents in Magnolia are home owners, with 27.1% of residents renting and 72.9% of residents owning their home. A local real estate agent serving Magnolia can help you decide if this neighborhood is the right one for you. Learn more on our Magnolia neighborhood guide.

How much do you need to make to afford a house in Magnolia?

The median home price in Magnolia is $710,000. If you put a 20% down payment of $142,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $3,530 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $151K a year to afford the median home price in Magnolia. The average household income in Magnolia is $135K.

What are the best public schools in Magnolia?

The best public schools that serve Magnolia are:

Gloucester High School has a B Niche grade, a student teacher ratio of 10:1 and an average review score of 3.2.
Ralph B O'maley Middle School has a B- Niche grade and a student teacher ratio of 11:1.
West Parish has a B- Niche grade and a student teacher ratio of 13:1.

What are the most popular zip codes in Magnolia, Gloucester, MA?

The most popular zip codes in Magnolia, Gloucester, MA include 01930, 01929, 01915, 01984 and 01982.

What are the most popular neighborhoods near Magnolia, Gloucester, MA?

The most popular neighborhoods near Magnolia, Gloucester, MA are West Gloucester, East Gloucester, Central Gloucester, Riverview and Beverly Farms.

Are home prices dropping in Magnolia?

Yes, home prices in Magnolia are down 29% in the last 12 months.

Home Trends in Magnolia, MA

On average, homes in Magnolia, Gloucester sell after 29 days on the market compared to the national average of 52 days. The median sale price for homes in Magnolia, Gloucester over the last 12 months is $695,000, down 16% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$695,000

Median Single Family Sale Price

$812,500

Median 2 Bedroom Sale Price

$585,000

Median 1 Bedroom Sale Price

$350,000

Average Price Per Sq Ft

$463

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

2.70

Median List Price

$710,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

-16%

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