2023
HOME EDITION
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ANNUAL COMMUNITY HEALTH CARE REAL ESTATE EDUCATION COMMUNITYIMPACT.COM. VISIT
REAL ESTATE DATA
COMPILED BY ANNA LOTZ
2022-23 Tomball and Magnolia real estate market at a glance A glance at the local real estate market shows homes are staying on the market longer on average than a year ago, and the number of homes sold declined year over year for the 12-month period spanning June 2021- May 2022 and June 2022-May 2023.
77354 77355 77362 77375 77377
NEIGHBORHOOD DATA PROVIDED BY RENEE LESLIE THE RENEE LESLIE GROUP RE MAX ELITE PROPERTIES 310 E. MAIN ST., TOMBALL • 2816395982 RENEERENEELESLIE.COM
1774
1488
249
99
N
Number of homes sold
Average home sales price
June 2021-May 2022
June 2022-May 2023
June 2021-May 2022
June 2022-May 2023
77354
77355
$398,208
$421,670 $406,771
-14.87%
+3.66%
$339,000
77362
77375
$478,416 $473,918
$362,962
+0.95%
+15.97%
$420,911
77377
$433,555
+4.77%
$454,251
77354
77355
77362
77375
77377
Average days on market
National mortgage rate data After staying relatively at the rst two years of the pandemic, mortgage rates have sharply risen since early 2022, peaking Nov. 10 of last year before declining slightly. 30-year xed-rate mortgage 15-year xed-rate mortgage
June 2021-May 2022
June 2022-May 2023
8%
6.48%
6%
3.72%
3.22%
2.65%
4%
5.73%
0 2%
3.16%
2.16%
2.43%
January 2020
January 2021
January 2022
January 2023
77354
77355
77362
77375
77377
SOURCE: FREDDIE MAC COMMUNITY IMPACT
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TOMBALL MAGNOLIA EDITION • AUGUST 2023
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