A glance at the local real estate market shows homes are staying on the market longer on average than a year ago, and the number of homes sold declined year over year for the 12-month period spanning June 2021-May 2022 and June 2022-May 2023.

Number of homes sold

For the last 12 months, the number of homes sold declined in four of five local ZIP codes year over year, with Pinehurst ZIP code 77362 being the only ZIP code to see a slight 6.4% increase in that time.

ZIP codes declined:
  • 32.18% in Tomball ZIP 77375
  • 18.37% in Magnolia ZIP 77354
  • 15.73% in Magnolia ZIP 77355
  • 12.84% in Tomball ZIP 77377
Average days on market

The number of days homes for sale stayed on the market in Tomball and Magnolia longer in the last 12 months than the prior year. The average days on market grew by:
  • 82.05% in Magnolia ZIP 77354
  • 74.07% in Tomball ZIP 77375
  • 54.84% in Magnolia ZIP 77355
  • 47.37% in Pinehurst ZIP 77362
  • 39.47% in Tomball ZIP 77377
Average home sales price

The average price of homes for sale in Tomball and Magnolia varied year over year in the last 12 months. Magnolia ZIP 77354 saw a decline in average price, while the other four local ZIP codes saw prices increase.

Year over year, average home sales price trended the following:
  • -14.87% in Magnolia ZIP 77454
  • +0.95% in Pinehurst ZIP 77362
  • +3.66% in Magnolia ZIP 77355
  • +4.77% in Tomball ZIP 77377
  • +15.97% in Tomball ZIP 77375