March home sales see decrease year over year in Tomball, Magnolia area

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

What you need to know

Although home sales increased in three of the five Tomball- and Magnolia-area ZIP codes, total home sales declined 0.8% year over year in March.

The median price of homes sold year over year in March decreased in three of the five ZIP codes in the Tomball and Magnolia area. 77375 saw the largest percentage decrease of 17.13%—going from $400,000 to $331,500.

Of homes sold in the Tomball and Magnolia area in March, 66.2% were priced between $250,000-$499,999.

What else?

In four of the five ZIP codes in the Tomball and Magnolia area, the average time on the market increased year over year in March. The largest percentage increase was in 77362 at 31.3%—homes went from spending an average of 115 days on the market last March to 151 days on the market this March.