Home sales see increase year over year in November in Tomball, Magnolia

Home sales increased 18.3% year over year in November across the Tomball and Magnolia area, according to market data provided by local real estate firm The Renee Leslie Group.

Two-minute impact

Home sales increased in all five ZIP codes in Tomball and Magnolia, with total home sales increasing 18.3% year over year in November.

In three of the five Tomball and Magnolia-area ZIP codes, the median home price saw an increase year over year in November. 77362 saw the largest percentage increase of 19.57%—going from $294,700 to $352,380.

Of the homes that sold in November in Tomball and Magnolia, 68.6% of them were priced between $250,000-$499,999.

Also of note

In four out of the five ZIP codes in the Tomball and Magnolia area, the average time homes spent on the market rose year over year in November. The ZIP code 77362 saw the largest percentage increase of 70.37%, with homes going from spending an average of 27 days to an average of 46 days on the market.