Tomball, TX Real Estate & Homes For Sale

Tomball, Texas, is witnessing a vibrant and somewhat competitive real estate market. Homes in this charming town receive an average of two offers and typically sell within 47 days. The median sale price for homes in Tomball has risen to $389,000, a significant increase of 6.7% compared to last year, reflecting the area's growing attractiveness and market strength. The median sale price per square foot stands firm at $166, mirroring last year's figures and indicating a stable demand in the housing market.

Sale Price Trends:

• Median Sale Price: $389,000, a notable increase of 6.7% since last year.
• Price per Square Foot: $166, consistent with the previous year.

Market Dynamics:

• Average Days on Market: 47 days.
• Total Homes Sold: 31 homes

The Temperature of Tomball’s Housing Market

Tomball's housing market is characterized by a healthy level of competition. Homes generally sell for approximately 2% below the listing price and transition to pending status in about 47 days. In contrast, highly sought-after properties ('hot homes') may sell closer to their listing price and reach pending status in a brisk 9 days, highlighting areas of intense market activity.

Migration & Relocation Patterns

From August to October 2023, Tomball experienced intriguing migration trends:

• Outward Migration: 24% of homebuyers looked to move out of Tomball, with a majority of 76% preferring to stay within the metropolitan area.
• Inward Migration: Nationally, 2% of homebuyers showed interest in moving to Tomball, especially from New York, Los Angeles, and San Francisco.
• Local Relocation: 76% of Tomball homebuyers aimed to remain within the metro area, with Phoenix, San Antonio, and Austin being top destinations.

Market Outlook

In the ever-evolving Tomball real estate market, you need a professional like Melissa who can guide you through the process. Her deep understanding of market trends and buyer-seller dynamics positions her as an invaluable resource for those navigating the real estate landscape in Tomball. Whether you're contemplating purchasing your dream home, selling your property, or exploring investment opportunities, Melissa’s expertise and tailored approach ensure you are well-equipped to make informed decisions.

Reach out to Melissa King for a detailed understanding of Tomball's real estate market and to embark on a successful real estate journey.