Magalia Real Estate Market Sees Sales Down

Home sales in the Magalia market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 28.6% to 20 homes sold over the last 30 days. In comparison, nearby Chico had 76 sales in the same time frame, the most of all neighboring cities. The median sales price rose to $167,450 over the latest reporting period for Magalia, up from $156,000. There are only two months of inventory available in Magalia, so it's a definite seller's market, even with the decrease in sales.

Want to get a head start on other buyers? Check out these new listings in Magalia:

$160K   $174K   $155K  

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

Demographic facts about Magalia:

  • The percentage of people who rent is 20.8%.
  • This area has a job growth projection of 31.5% for the next 10 years.
  • The student per librarian ratio in this area is 3,813:1. (803:1 = national average)

Data reported through 1/11/2017

Comments:

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

©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.