Magnolia Center Real Estate Market Extends Weakening in Contracts

Sales remained steady from last week to this week, with 16 homes sold in the Magnolia Center market over the last 30 days. However, a confirmed downturn in the number of pending transactions continued, with 15 completed in the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price climbed to $335,000, up from last week's $329,950. With only two months of inventory to sell, Magnolia Center is a still definite seller's market, even after taking into consideration the falling contracts numbers.

Early bird gets the worm, so be sure to take a look at these new listings in Magnolia Center:

$230K   $375K   $339K  

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

Demographic facts for Magnolia Center:

  • The total number of households here is 5,047.
  • The area's unemployment rate is 12.9%.
  • Schools spend an average of $4,545 for each student in this area. ($5,691 = national average)

Data reported through 1/11/2017

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