Home sales increase year over year in August in the Tomball, Magnolia area

August 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 know

Home sales increased in all five ZIP codes in the Tomball and Magnolia area, with total home sales increasing 16.4% year over year in August.

Meanwhile, the median price of homes sold increased year over year in August in three of the five ZIP codes in the Tomball and Magnolia area. 77362 saw the largest percentage increase of 18.85%—going from $330,240 to $392,495.

Of the homes that sold in August in Tomball and Magnolia, 41% of them were priced between $300,000-$499,999.

What else?

The average time homes spent on the market declined in four of the five ZIP codes in the Tomball and Magnolia area. The largest percentage decrease was in 77362 at -30.21%—homes went from spending an average of 96 days on the market last August to 67 days on the market this August.