Real Estate Market at a glance
The average days on market fell in most Tomball and Magnolia ZIP codes from June 2017-May 2018 to June 2018-May 2019 as the number of new homes built increased in most local ZIP codes during that time, according to data from Carswell Real Estate Co. Inc.
Average Days on the Market
The average number of days homes were on the market fell year over year in most Tomball and Magnolia area ZIP codes, excluding the Pinehurst ZIP code of 77362, which increased. Also, the average days on market remained steady in ZIP code 77377 in the Tomball area at 80 days.
Number of Homes Sold
The annual number of homes sold increased year over year in four of six Tomball and Magnolia area ZIP codes. The Hockley area saw the greatest increase from 342 homes sold to 434 homes sold from June 2017-May 2018 to June 2018-May 2019.
Average Home Sales Price
Pinehurst ZIP code 77362 saw the greatest increase in homes sales price year over year. The average price grew 25.9%.
New Homes Built
All six ZIP codes in Tomball and Magnolia saw the number of new homes built increase year over year. Tomball ZIP code 77375 saw the greatest number of homes built in one year, totaling 500 homes from June 2018-May 2019.