Why Live in Magnolia
For over a decade, the Magnolia Restaurant has served three meals daily under one of the few traffic lights in Magnolia itself, a rural community in central Delaware. The lone eatery embodies the quaint feel of the area, where rolling farmland blends with subdivisions just south of Dover. Magnolia's main intersection is surrounded by quiet landscapes and single-family homes, and locals look to the community for an escape from the city. “Magnolia proper is probably one of the smallest towns in the area,” says Maggie Haass, a co-owner and broker with Burns & Ellis Realtors. “It is literally just one stoplight and a diner at that intersection, but Magnolia is the whole area surrounding the downtown.” Magnolia retains its serenity while continuing to grow, with several developments under construction. It is also popular with military families due to its proximity to Dover Air Force Base. Many homes in Magnolia are single-family properties located in subdivisions, which are interspersed throughout the community. “There are just larger hopes and lots of new constructions in Magnolia,” Haass says. “There are colonial-style homes, contemporary homes and modern farmhouses, for the most
Home Trends in Magnolia, DE
On average, homes in Magnolia, DE sell after 59 days on the market compared to the national average of 70 days. The median sale price for homes in Magnolia, DE over the last 12 months is $424,900, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$424,900
Median Single Family Sale Price
$435,000
Median Townhouse Sale Price
$300,000
Average Price Per Sq Ft
$204
Number of Homes for Sale
16
Last 12 months Home Sales
100
Median List Price
$428,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%