Magna’s housing supply is relatively tight, with 91 homes on the market and only 2.3 months of supply, signaling conditions that lean toward sellers. Contract activity is solid, as 58 homes are pending despite new listings dropping about 46% year over year to 45, and this mix supports the current Seller's Market reading of 16 on the gauge.
Prices are adjusting in interesting ways, with the typical home value at about $442,500, down 4.47% from last year but up 4.73% from the prior month. At the same time, the median list price has eased to $440,000, about 2.22% lower than a month earlier, suggesting sellers are fine-tuning asking prices to meet buyers where they are.
Timing has shifted as well, with homes spending a median of 49 days on the market, which is 35.53% faster than last month but still 36.11% longer than a year ago. Around 21.98% of listings report a price drop while about 32.5% of homes sell above list, and the average sale-to-list ratio hovers very close to full price at 0.998, showing that realistically priced homes are getting strong offers. Looking ahead to April 2026, typical values are projected to edge up to roughly $452,499 even as projected median list price dips slightly to $435,000 and inventory is expected to tighten to 85 homes, so both buyers and sellers can benefit from Agent Pronto’s help in finding a local agent who understands these dynamics.
