July home sales saw an increase year over year in the Tomball and Magnolia area, according to market data provided by Homeward.
What you need to knowHome sales increased in four of the five ZIP codes in the Tomball and Magnolia area, with total home sales increasing 8.2% year over year in July.
Meanwhile, the median price of homes sold decreased year over year in July in three of the five ZIP codes in the Tomball and Magnolia area. 77354 saw the largest percentage decrease of 11.9%—going from $349,990 to $308,450.
Of the homes that sold in July in Tomball and Magnolia, 41.1% of them were priced between $300,000-$499,999.
What else?The average time homes spent on the market rose in three of the five ZIP codes in the Tomball and Magnolia area. The largest percentage increase was in 77362 at 14.61%—homes went from spending an average of 89 days on the market last July to 102 days on the market this July.
