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Home sales saw an increase year over year in May in the Tomball and Magnolia area, according to market data provided by Homeward.
Two-minute impact
Home sales increased in four of the five ZIP codes in Tomball and Magnolia, with total home sales increasing 23.1% year over year in May.
In three of the five Tomball and Magnolia-area ZIP codes, the median home price saw an increase year over year in May. 77375 saw the largest percentage increase of 10.27%—going from $365,000 to $402,500.
Of the homes that sold in May in Tomball and Magnolia, 43.8% of them were priced between $300,000-$499,999.
Also of note
In four of the five ZIP codes in the Tomball and Magnolia area, the average time homes spent on the market increased year over year in May. The ZIP code 77362 saw the largest percentage increase of 98.15%—with homes going from spending an average of 54 days to an average of 107 days on the market.
