Home sales decrease in May in Tomball, Magnolia

There was a decline in home sales in the Tomball and Magnolia area year over year in May, according to market data provided by local real estate firm The Renee Leslie Group.

What you need to know

With home sales declining in three of the five Tomball- and Magnolia-area ZIP codes, total home sales year over year in May decreased 7.9%.

In four of the five Tomball- and Magnolia-area ZIP codes, the median home price increased. 77362 saw the largest percentage increase of 16.74%—going from $305,980 to $357,200.

In May, 61% of the homes sold in the Tomball and Magnolia area were priced between $250,000-$499,999.

One more thing

The average time on the market decreased year over year in May in three of the five ZIP codes in the Tomball and Magnolia area. The largest percentage decrease was in 77377 at 30.53%—homes went from spending an average of 95 days on the market last May to 66 days on the market this May.