Magnolia Real Estate

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Magnolia Real Estate & Homes for Sale in Texas

Magnolia, Texas: Open pastures, riding trails, rolling hills and patches of forests characterize the landscape of Magnolia, Texas. The town itself is cozy, only one square mile in size, but the greater Magnolia region spreads out for several miles in all directions and encompasses a population of more than 65,000. Real estate options consist of single-family homes, executive homes, cottages, farms and ranches plus undeveloped residential land. Magnolia is located about 45 miles north of Houston and 20 miles southwest of Conroe at the intersection of Farm Roads 1774 and 1488. State Route 249 is nearby, as are Interstates 45, 610 and 10. Magnolia’s open landscape and country atmosphere appeal to families, equestrians and nature enthusiasts, as there are many horse properties, farms and ranches. The public schools, run by Magnolia Independent School District, complement outstanding academic coursework with strong extra-curricular programs. In and around Magnolia, there are also many natural sites to enjoy and explore, including the Sam Houston National Forest. Magnolia is also just minutes from Lake Conroe, a 23,000 acre constant-level recreational lake which has come to be known as "Houston's playground," and offers outstanding water skiing, fishing and a relaxing venue to unwind while watching the sunset. The Eastern boundary of Magnolia borders The Woodlands - a 22,000 acre master-planned community with premier dining, shopping and world-class public and private golf courses. For the serious golfer, The Woodlands Carlton Woods Country Club features a private Jack Nicklaus Signature Golf Course, rated Best New Private Course in Texas by Golf Digest, 2002, and a new Tom Fazio Championship Golf Course.

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Price Range of Magnolia Houses

The real estate market of Magnolia offers options to suit both quaint and sophisticated tastes. The common thread among Magnolia’s diverse selection of properties is the park-like ambience of the community as a whole. Prospective buyers will find a selection of cozy cottages, traditional subdivision homes, expansive customs, new construction, farms and ranches, horse properties and undeveloped residential land. Prices for detached, single-family homes range from $100,000 up to $800,000 and above, with most homes priced below $400,000. A budget of $300,000 can purchase a large family home on a private, one-acre lot with a fenced yard. The most expensive homes are impressive executive estate homes with custom amenities inside and out. For those who wish to build their dream home, undeveloped residential land in Magnolia is plentiful. Lots range in price from less than $100,000 up to $1 million or more, depending on size and location.

Magnolia Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $360,728 compared to $360,728 the previous week, to remain steady with no change in listing price.  For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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