Magnolia Real Estate Market
Magnolia Housing Market Report
Magnolia is Seattle's quiet view peninsula — single-family streets wrapped around Discovery Park, bluff sightlines across Puget Sound to the Olympics, and a geography that keeps both traffic and inventory scarce. The market prices in view tiers rather than averages, and the gap between a sound-view street and an interior block is the neighborhood's defining number.
Page author
Adriano Tori
Designated Broker, Founder & CEO — RexMont Real Estate · WA Lic. #27660
Adriano leads RexMont Real Estate — the most-reviewed real estate brokerage in Seattle and the Eastside. 1,200+ closed transactions, $1B+ in production, and 1,241 five-star Google reviews.
As of September 2026, the median listing price in Magnolia is $960K ($541 per square foot), and homes are averaging 33 days on market.
Stats updated September 2026· refreshed monthly and reviewed by RexMont's brokerage team.
By property type
The headline figures above blend every active residential listing in Magnolia. Single-family, condo, and townhouse markets move differently, so the breakdown below is what to quote when comparing one property type across cities.
| Property type | Median list price | Price / sq ft | Days on market | Active listings |
|---|---|---|---|---|
| Single-family | $1.79M | $637 | 31 | 76 |
| Condo | $399K | $458 | 39 | 43 |
| Townhouse | $825K | $516 | 34 | 31 |
Active listings is the sample size behind each row. Same source and refresh date as the headline figures.
Methodology & data sources
Market statistics on this page — median listing price, price per square foot, and days on market — are computed from active residential listings in Magnolia, WA, sourced from RentCast, a licensed real-estate data provider aggregating MLS records and county public records. Figures refresh the first week of every month (current data: September 2026) and are reviewed by RexMont Real Estate's brokerage team (WA firm license #21220). Individual property listings shown on this page come from the live NWMLS feed. Historical figures are not restated after publication.
Journalists: monthly figures for 47 Puget Sound cities are available on a citable, dated page for each market. For custom cuts, methodology questions, or to receive the monthly refresh, contact adriano@rexmont.com. Please attribute "RexMont Real Estate market report" with a link to this page.
Thinking of selling in Magnolia?
Is it a good time to sell in Magnolia? The numbers above are the market. Your number is your home.
RexMont builds a Magnolia comparable analysis from closed sales in your neighborhood, not the citywide median, and shows the net after commission, Washington excise tax and closing costs before you decide anything. 1,241 Google five-star reviews; an agent calls back within minutes.
Market context
What shapes Magnolia's market.
Views are the market's spine. The west and south bluffs deliver protected sightlines — Puget Sound, the Olympics, Mount Rainier, the downtown skyline — and because geography rather than zoning protects them, Magnolia's view premiums are among the city's most durable. Comps here sort into view tiers before they sort into anything else.
Discovery Park is the second premium. Seattle's largest park forms the peninsula's western end, and the blocks that borrow its trails, beaches, and open space carry a quieter but persistent price advantage — the closest thing in the city to national-park adjacency.
Seclusion is priced as a feature. A handful of bridges connect Magnolia to the rest of the city, keeping through-traffic out and the streets calm. Buyers self-select for that trade, which filters the demand pool toward committed, often long-tenure owners — one reason turnover stays low and inventory scarce.
The stock barely changes. Development pressure that rebuilt Ballard and filled Interbay with townhomes has largely passed Magnolia by; the peninsula remains mid-century and prewar single-family with a small Village condo cluster. Stable stock means stable comps — and it means each renovated view home resets its tier's ceiling visibly.
Coverage
Service area at a glance
RexMont represents buyers and sellers across these Seattle and Eastside markets. Click any city for the full local guide.
Bellevue, WA
ZIPs: 98004 · 98005 · 98006 · 98007 · 98008
Schools: Bellevue SD
Medina, WA
ZIP: 98039
Schools: Bellevue SD
Clyde Hill, WA
ZIP: 98004
Schools: Bellevue SD
Mercer Island, WA
ZIP: 98040
Schools: Mercer Island SD
Kirkland, WA
ZIPs: 98033 · 98034
Schools: Lake Washington SD
Redmond, WA
ZIPs: 98052 · 98053
Schools: Lake Washington SD
Sammamish, WA
ZIPs: 98074 · 98075
Schools: Lake Washington / Issaquah SD
Issaquah, WA
ZIPs: 98027 · 98029
Schools: Issaquah SD
Newcastle, WA
ZIPs: 98056 · 98059
Schools: Renton SD
Woodinville, WA
ZIPs: 98072 · 98077
Schools: Northshore SD
Kenmore, WA
ZIP: 98028
Schools: Northshore SD
Seattle, WA
ZIPs: 98101 · 98109 · 98112 · 98115 · 98118
Schools: Seattle Public Schools
Buying in Magnolia
Buy the view tier deliberately — the same floor plan trades hundreds of thousands apart across three blocks, and protected sightlines are what hold value. RexMont verifies what each view tier has actually closed at before you offer, and reads lot, light, and slope like a local.
Talk to a Magnolia buyer agentSelling in Magnolia
Your buyer is paying for the sightline and the setting — the marketing has to sell both, and the price has to match your view tier's real comps, not the neighborhood average. RexMont positions Magnolia homes against the tier they actually compete in.
Get your Magnolia home valueLive NWMLS data
Active homes for sale in Magnolia
The latest active NWMLS listings in Magnolia, refreshed hourly.
- Median price
- $960K
- Median $/sqft
- $541
- Avg days on market
- 33
- Listings for sale
- 116+
ActiveNew today$2,295,000
MLS# 25850142583 Magnolia Boulevard W
Seattle, WA 98199
5 bd3 ba3,010 sqftListing courtesy of Windermere Real Estate Midtown
Active1 day on market$4,168,000
MLS# 25840272555 Magnolia Boulevard W
Seattle, WA 98199
4 bd3.25 ba4,689 sqftListing courtesy of Windermere Real Estate/East
Active1 day on market$724,950
MLS# 25837693627 Gilman Avenue W
Seattle, WA 98199
3 bd2.5 ba1,280 sqftListing courtesy of COMPASS
Active2 days on market$749,000
MLS# 25840823817 Gilman Avenue W
Seattle, WA 98199
2 bd1.75 ba1,370 sqftListing courtesy of Windermere Real Estate/East
Active2 days on market$629,000
MLS# 25809603608 26th Place W #301
Seattle, WA 98199
3 bd1.75 baListing courtesy of Windermere Real Estate Midtown
ActiveNew today$1,100,000
MLS# 25833654626 33rd Avenue W
Seattle, WA 98199
4 bd2.75 ba2,090 sqftListing courtesy of Windermere Real Estate Co.
Showing the 6 newest of 116 active homes for sale in Magnolia, pulled directly from NWMLS and refreshed hourly. See all 116 Magnolia homes for sale, each with photos, price history, and a per-listing mortgage estimate.
Listing data courtesy of NWMLS. Provided for the consumer's personal, non-commercial use. Market stats reflect representative market data for Magnolia; current listings and individual neighborhoods may vary.
Search all Magnolia listings →Related markets
Explore Seattle's markets.
Seattle Market Report
The citywide view — where Magnolia's premiums sit among Seattle's neighborhoods.
North Seattle Market
The mid-market single-family alternative north of the Ship Canal.
Capitol Hill Market
The urban counterpoint — Seattle's condo and townhome core.
University District Market
UW-driven demand and investor dynamics across town.
Lake Union Floating Homes
Seattle's other one-of-a-kind waterfront niche.
FAQ
Questions buyers and sellers ask first.
Is Magnolia a buyer's or seller's market?
Magnolia trades on scarcity: a geographically enclosed peninsula of single-family streets where inventory stays thin in every cycle. View homes along the bluffs — Puget Sound, the Olympics, downtown — sell on their own tier and rarely negotiate hard. Interior streets without views are where buyers find their leverage.
What drives Magnolia's price premiums?
Views first — sound, mountains, or skyline, in that rough order of premium — then lot and light. Magnolia's bluff and upper streets carry some of Seattle's most defensible view premiums because the sightlines are protected by geography rather than zoning luck. Discovery Park adjacency adds a second, quieter premium band.
How does Magnolia's geography affect daily life and value?
The peninsula connects to the rest of Seattle across a small number of bridges, which keeps through-traffic out and the neighborhood quiet — the classic Magnolia trade. Buyers accept a slightly longer drive to everything in exchange for one of the city's calmest single-family settings; the market prices that seclusion as a feature.
What housing stock should buyers expect in Magnolia?
Predominantly single-family — mid-century homes on the view streets, Craftsman and Tudor stock in the Village-adjacent blocks, and a modest condo cluster near Magnolia Village. Townhome development is limited compared to the rest of Seattle, so the neighborhood's character and comps stay unusually stable.
How current is the market data on this page?
Stats refresh monthly from regional market data and are reviewed by RexMont's brokerage team. Live listing stats come from active NWMLS listings in the neighborhood, so the numbers reflect current on-market inventory.
How does RexMont represent Magnolia buyers and sellers?
View markets punish imprecision, so RexMont prices Magnolia on closed view-tier comps — what sound views, mountain views, and skyline sightlines have actually cleared at — rather than neighborhood averages. 1,241 Google 5-star reviews and $1B+ in closed production back that discipline.
View markets punish imprecision.
When three blocks separate view tiers worth hundreds of thousands, pricing discipline is everything. RexMont brings 1,241 Google 5-star reviews, $1B+ in closed production, and 1,200+ transactions to every Magnolia engagement.
Talk to a Magnolia real estate expert