February home sales decline year over year in Tomball, Magnolia area

Home sales in February in the Tomball and Magnolia area declined year over year, according to market data provided by local real estate firm The Renee Leslie Group.

What you need to know

Although home sales increased in three of the five Tomball- and Magnolia-area ZIP codes, total home sales decreased 1.5% year over year in February.

The median price of homes sold year over year in February decreased in three of the five ZIP codes in the Tomball and Magnolia area. 77355 saw the largest percentage decrease of 11.42%—going from $344,999 to $305,586.

Of homes sold in the Tomball and Magnolia area in February, 55.1% were priced between $250,000-$499,999.

What else?

In two of the five ZIP codes in the Tomball and Magnolia area, the average time on the market decreased year over year in February. The largest percentage decrease was in 77354 at 26.4%—homes went from spending an average of 121 days on the market last February to 89 days on the market this February.