Homes under $500K for sale in Magnolia, NC

As of November 3, 2026, there are 8 homes under $500K for sale in Magnolia, NC, with a middle asking price of $209,950 (from $179,000 to $264,900). 1 came on the market in the last week. Another 4 are under contract.

As of November 3, 2026, the middle asking price is $209,950, about $134 per square foot for a typical 1,602 sq ft. Under $300K: 8.

In the 12 months through November 3, 2026, 10 sold at a middle price of $183,500, typically for 93.1% of the first asking price after about 74 days on the market.

In the 12 months through November 3, 2026 they typically sold in about 74 days, at 93.1% of the first asking price.

A mortgage payment has two parts: principal and interest, which depend on the price, your down payment and the rate a lender offers you; and the costs on top — property taxes, homeowners insurance (and flood insurance near the water), HOA dues where there's an association, and mortgage insurance if you put less than 20% down. Each home's page has a calculator that uses the rate you've been quoted and that home's own taxes and HOA dues from the listing. For your actual rate and Annual Percentage Rate (APR), ask a licensed lender — we can introduce you to Joey Milam at Alpha Mortgage Advantage, or you're free to choose any lender.