Why Live in Magnolia
Magnolia, a small borough in Camden County, is known for its tight-knit community and the magnolia trees that line its streets. The neighborhood's motto, "One Square Mile of Friendliness," reflects the close relationships among residents, many of whom have lived there for generations. The area features older homes, primarily built in the mid-1900s, with styles ranging from ranch and bungalow to Foursquare and colonial with Victorian influences. These single-family homes, often updated, are situated on well-maintained lots with front lawns and fenced backyards. Magnolia boasts several parks, including the recently renovated Albertson Park, which offers new playground equipment, a gazebo, and a dog park. Other parks like Billy Tavener Park and Landin Park are slated for future renovations. The community center hosts various activities, including pickleball and Girl Scout meetings, while Richard Michielli Park is home to the Magnolia Little League. Local dining options include The Water Ice Factory, known for its 36 shaved ice flavors, and Somerdale Cold Cuts, a popular sandwich spot. Residents also frequent the Laughing Fox Tavern for food and live music. For shopping and entertainment, Cooper Towne Center offers a Cinemark theater and Walmart Supercenter. Magnolia is conveniently located about 12 miles from Center City, with easy access to Interstates 295 and 76, and NJ Transit bus stops along White Horse Pike. The neighborhood is safer than the national average, making it a practical choice for families.
Frequently Asked Questions
What is the average home price in Magnolia, NJ?
Homes for sale in Magnolia, NJ have an average home price of $315,611.
How many homes have sold over the last 12 months in Magnolia, NJ?
51 homes have sold in Magnolia, NJ over the last 12 months.
What are the most popular zip codes in Magnolia, NJ?
How much do you need to make to afford a house in Magnolia?
The median home price in Magnolia is $312,500. If you put a 20% down payment of $62,500 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,620 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $69K a year to afford the median home price in Magnolia.
How are the schools in Magnolia, NJ?
Home Trends in Magnolia, NJ
On average, homes in Magnolia, NJ sell after 27 days on the market compared to the national average of 50 days. The median sale price for homes in Magnolia, NJ over the last 12 months is $315,000, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$315,000
Median Single Family Sale Price
$312,500
Average Price Per Sq Ft
$238
Number of Homes for Sale
5
Last 12 months Home Sales
51
Median List Price
$312,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
8%