The housing market in Magna continues to see strong price appreciation, with values up 13.1% compared to last year. The median home price of $439,990 represents a moderate 13.1% increase from this time last year. With 26 active listings, inventory is 100% higher than seasonal norms. Homes are taking about 34 days to sell, which is 1 days longer than this time last year. A significant 30.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Magna market with the affordability index at 109.4. Looking ahead, the Magna market is expected to maintain its current trajectory with relatively stable conditions.