Is Tomball, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Tomball has remained a Seller's Market.
Key Takeaway
Tomball is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tomball, TX
How much do homes in Tomball, TX cost?
Median Sold Price
$378,165
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tomball have sold for 1% more than they did a year ago.
Summary: The median home sold price in Tomball was $378,165 in May 2024, up 1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $280K | -20.0% |
| 2 Bedrooms | $250K | $234.7K | -6.1% |
| 3 Bedrooms | $303K | $306.3K | +1.1% |
| 4 Bedrooms | $425.5K | $422K | -0.8% |
| 5+ Bedrooms | $525K | $637.5K | +21.4% |
Summary: Tomball housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Cities
| Tomball | $374.5K | $378.1K | +1.0% |
| Northwest Harris | $335.1K | $338.2K | +0.9% |
| Pinehurst | $430K | $340K | -20.9% |
Housing Supply in Tomball, TX
How many homes are available in Tomball, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 497 | 641 | +29.0% |
Summary: The Tomball real estate market had 641 homes for sale in May 2024, a 29.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 179 | 220 | +22.9% |
| 4 Bedrooms | 243 | 326 | +34.2% |
| 5+ Bedrooms | 65 | 81 | +24.6% |
Summary: The Tomball housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes increased by 24.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 103 | 123 | +19.4% |
Asking Price vs. Sold Price
81 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tomball, you may be able to get a good deal. 65.9% of homes here sold below asking price last month.
Summary: A total of 123 homes were sold or pending in Tomball in May 2024, up by 19.4% month-over-month. Of the 123 sold homes, 66% were sold under asking, 22% were sold at asking, and 12% were sold over asking.
Days on Market for Tomball, TX
How long does it take to sell a home in Tomball, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 27 Days | -32.5% |
Summary: Homes in Tomball had an average of 27 days on market in May 2024, down by 32.5% compared to last year.
Breakdown of Home Sale Times
85 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tomball are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 123 homes were sold in Tomball; 69% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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