Magnolia, TX Real Estate & Homes For Sale

The Magnolia housing market is somewhat competitive. Homes in Magnolia receive 1 offers on average and sell in around 35 days. The median sale price of a home in Magnolia was $310K last month, up 10.7% since last year. The median sale price per square foot in Magnolia is $172, up 10.2% since last year.

Market Overview:

• Competitive Market: Magnolia's housing market is somewhat competitive, with homes receiving an average of 1 offer and selling in around 35 days.
• Rising Sale Prices: The median sale price for homes in Magnolia was $310K last month, marking a significant increase of 10.7% compared to last year.
• Increasing Value per Square Foot: The median sale price per square foot now stands at $172, up 10.2% from last year, showcasing the growing value of properties in the area.
• Sales Volume: There were 29 homes sold in October this year, a decrease from the 59 sold last year, indicating a more selective and discerning market.

Market Temperature:

• Selling Period: Homes in Magnolia typically sell in about 55 days, with some properties attracting multiple offers.
• Pricing Trends: On average, homes sell for approximately 2% below the list price. However, hot properties in high demand can sell for around the list price and may go pending in as short as 21 days.

Migration & Relocation Trends:

• Local vs. External Interest: From September to November 2023, 24% of Magnolia homebuyers looked to move out of the area, while a significant 76% searched to stay within the metropolitan area.
• Inbound Interest: Magnolia attracts interest from across the nation, with notable attention from New York, Los Angeles, and San Francisco homebuyers.
• Outbound Preferences: Among those moving from Magnolia, 76% sought homes within the metropolitan area, with Phoenix, San Antonio, and Austin being popular destinations.

Why Magnolia?

Magnolia is not just about statistics; it's a community offering a blend of suburban tranquility and urban amenities. Whether you're looking for a family-friendly neighborhood, a peaceful retreat, or a vibrant community, Magnolia offers a unique lifestyle.

Your Next Step

As a professional in Magnolia's real estate market, I am dedicated to helping you navigate this dynamic market. Whether you have questions or are ready to start your property journey in Magnolia, I am here to provide expert guidance and support.

Contact me today to explore Magnolia's real estate opportunities and take the first step towards your new home.