Home sales see decrease year over year in April in Tomball, Magnolia

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

Two-minute impact

While home sales increased in three of the five ZIP codes in Tomball and Magnolia, total home sales decreased 4.6% year over year in April.

In three of the five Tomball and Magnolia-area ZIP codes, the median home price saw a decrease year over year in April. The 77362 ZIP code saw the largest percentage decrease of 41.71%—going from $560,774 to $326,877.

Of the homes that sold in April in Tomball and Magnolia, 64.9% of them were priced between $250,000-$499,999.

Also of note

In three of the five ZIP codes in the Tomball and Magnolia area, the average time homes spent on the market decreased year over year in April. The ZIP code 77375 saw the largest percentage decrease of -23.68%—with homes going from spending an average of 76 days to an average of 58 days on the market.