Is Magnolia, NC 28453 a buyer’s or seller’s market?
Magnolia is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Magnolia housing market right now
In the three months ending August 31, 2026, 0% of homes in Magnolia, NC 28453 sold above their list price, the typical home went under contract in 171 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (51 days then) and the median sale price rose 517% to $314,864. Overall, Magnolia is less competitive than a year ago, which gives buyers more room.
Within Duplin County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Teachey 28464 (50% sold over asking) and Pink Hill 28572 (40% sold over asking) are even more competitive.
Run the numbers for 28453
Nearby markets
Albertson 28508 — /sq ftBeulaville 28518Balanced $170 /sq ftChinquapin 28521Seller’s market $181 /sq ftKenansville 28349Buyer’s market $156 /sq ft Browse all markets →Towns like Magnolia nearby
Find towns like Magnolia in other states →Where Magnolia is
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Questions about Magnolia real estate
Is Magnolia a buyer’s or seller’s market?
A buyer’s market: there were 12.8 months of supply in Magnolia, NC 28453 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Magnolia?
The typical home went under contract in 171 days in the latest three months.
Do homes in Magnolia sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.0% of the list price.
What are property taxes in Magnolia?
About 0.69% of a home’s value a year in Duplin County, or roughly $2,760 on a $400,000 home.
What is the median home price in Magnolia?
The median sale price was $314,864 in the three months ending August 31, 2026, about $116 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology