Tomball-, Magnolia-area home sales decrease slightly year over year in January

Home sales in the Tomball and Magnolia area decreased year over year in January, declining 3.6%, according to market data provided by local real estate firm The Renee Leslie Group.

What you need to know

Despite home sales rising in three of the five Tomball- and Magnolia-area ZIP codes, total home sales decreased 3.6% year over year in January.

The median price of homes sold year over year in January increased in three of the five ZIP codes in the Tomball and Magnolia area. 77362 saw the largest percentage increase of 24.13%—going from $290,829 to $361,000.

Of the homes that sold in January in Tomball and Magnolia, 54% of them 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 decreased year over year in January. The largest percentage decrease was in 77355 at 12.66%—homes went from spending an average of 79 days on the market last January to 69 days on the market this January.