Magalia Real Estate Market Sees Sales Up

The Magalia market looked active in this week's report, as the number of home sales rose 8.0%, pushing the total to 27 homes sold over the last 30 days. At the same time, close-by Chico reported 108 home sales, the highest number from all the surrounding cities. Prices are falling in Magalia, and this period the median price of all sales fell from $179,000 to $169,900. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Magalia is a strong seller's market.

Out of all the listings in Magalia, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes:

$199K   $189K   $799K  

Get started right now by checking out Magalia homes for sale or reviewing Magalia real estate trends.

Demographic facts about Magalia:

  • The median value of all homes in the area is $128,600.
  • This area usually gets 84 rainy days each year. (U.S. average: 100)
  • The area's unemployment rate is 11.9%.
  • The students per teacher ratio in this area is 19.0:1. (15.3:1 = national average)

Data reported through 10/19/2016


Ask a local expert about this area:
Chico Homes Real Estate Sales Inc
Snapped 1 home in this area

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