The most interesting price story in Magnolia this week isn't a simple rise or fall. Median sold prices have recovered over the most recent 90 days, even as median price per square foot has declined. The difference is worth examining before drawing conclusions about any individual home.
Magnolia Market Update
This week’s activity at a glance, followed by three questions about the Magnolia market.
This Week in Magnolia by the Numbers
The Three Essential Questions
Calculated from the median time on market for homes that closed during the most recent 90 days.
Median sold prices declined in the middle 90-day period, then rose in the most recent period. Price per square foot tells a different story.
Explore the price comparison
During the most recent 90 days, 25 of 49 homes sold below final asking price, 11 at asking, and 13 above.
How did homes sell relative to asking price?
Share of 49 closed homes · Most Recent 90 Days
About the data
NWMLS export retrieved November 9, 2026; weekly reporting period November 1–7, 2026. Magnolia is defined as ZIP code 98199. Counts include houses, townhomes, and detached condominium-owned homes; conventional condo apartments are excluded. Dual-listed closings are counted once. Weekly activity uses listing, pending, and selling dates. New to Market excludes observed relistings in the 2026 export. Some older listing histories may not be visible in a year-to-date export.
Three nonoverlapping 90-day periods use February 11–May 11, May 12–August 9, and August 10–November 7. The price chart uses rolling 90-day medians updated at seven-day intervals, with the final period endpoint included; adjacent windows overlap. Year-to-date figures use closings January 1–November 7. Original and final asking-price comparisons are within each MLS listing; relisted properties can have earlier marketing history. CDA means cumulative days active. The 40 MPH market speed index is a proposed visual rating based on the 90-day median CDA, not a literal travel speed; its permanent rubric is pending editorial approval. Different periods include different homes, so median sale prices are not a comparable-home price index.
Information and statistics derived from Northwest Multiple Listing Service.
What Caught My Eye
Two price measures are telling different stories. What stands out to me is how differently homes can perform in the same neighborhood.
During the most recent 90 days, Magnolia’s median sold price increased to $1.425 million, from $1.26 million in the prior 90 days. Yet median sold price per square foot moved the opposite way, from $638 to $587.
The price-per-square-foot graph shows a particularly sharp move at the beginning of November. I wouldn’t interpret that as a sudden decline in the value of Magnolia homes. The mix of properties changes as older sales leave the rolling window and newer ones enter.
What stands out to me is how differently the market can look depending on the statistic we choose. Understanding the actual homes behind the figures matters as much as the headline number.
Homes that attracted buyers quickly generally got their asking price
So far this year, 101 Magnolia homes sold within seven days. Nearly nine out of ten received their full final asking price or more.
Other homes had a different experience. 46 homes stayed on the market longer and reduced their asking prices. Their median time on the market was 63 days, and their median asking-price reduction was $62,500.
What stands out to me is how important the initial asking price can be. A desirable home, priced well from the beginning, has a much better chance of attracting buyers quickly.
Year-to-date observations cover qualifying Magnolia closed sales from January 1 through November 7, 2026. The 46 price-reduced homes are a subset of the homes that took more than seven days to sell.
QUESTIONS ABOUT THE MAGNOLIA MARKET
How long does it take to sell a house in Magnolia?
Among the 49 homes that closed during the most recent 90 days (August 10 - November 7), the median was 16 cumulative days active. In the prior 90 days, 67 homes closed with a median of 11 days. Those results describe completed sales, not a promise of how quickly a new listing will sell.
Do Magnolia homes generally sell for their asking price?
Of the 49 homes closed in the most recent 90 days, 25 sold below final asking price, 11 sold at asking, and 13 sold above. That is 51% below, 22% at, and 27% above. The word final price matters: the asking price may already have been reduced
How do quick sales differ from homes that take longer?
Through November 7, 101 Magnolia homes sold within seven days; 88 of them sold at or above final asking price. Among the 110 homes that took longer than seven days, 33 sold at or above final asking. This is a notable association, but it does not tell us why any individual home sold quickly or slowly.
How common are price reductions in Magnolia?
Of 211 qualifying closed homes from January 1 through November 7, 46 had a final asking price below their original asking price within the MLS listing at about 22%. Among those 46, the median asking-price reduction was $62,500, and the median cumulative days active was 63. Earlier price history on relisted properties may not be fully represented.
Are Magnolia home prices rising or falling?
The median sold price for the most recent 90 days was $1.425 million, compared with $1.26 million during the prior 90 days. Median sold price per square foot, however, moved from $638 down to $587. The homes sold in each period were different, so neither statistic by itself establishes appreciation or depreciation for a particular home.
Which homes are included in these market statistics?
This report covers Magnolia’s 98199 ZIP code and focuses on houses, townhomes, and detached condominium-owned homes. It excludes conventional condominium apartments, and it counts identified dual-listed closings once. The weekly New to Market number also excludes relistings identified in the 2026 export.
HOW CAN I HELP YOU UNDERSTAND MAGNOLIA REAL ESTATE?
One of the hardest things in real estate is comparing homes. Every property is different. Location, design, condition, and countless other details influence how buyers see its value.
Market statistics tell us what's happening across Magnolia. But they can't tell the whole story of an individual home. That's where experience and local knowledge matter.
Understanding what makes one home different from another takes more than numbers. It takes careful, personal evaluation.
If you're curious about your home's value, or considering a move in Magnolia, I'd welcome the opportunity to share my perspective.
- Matthew Koenig