Is Tomball, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$373,867
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tomball have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Tomball was $373,867 in March 2024, up 3.9% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $280K | -20.0% |
| 2 Bedrooms | $247.5K | $260K | +5.1% |
| 3 Bedrooms | $300K | $300.2K | 0.1% |
| 4 Bedrooms | $429K | $413K | -3.7% |
| 5+ Bedrooms | $516K | $625K | +21.1% |
Summary: Tomball housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 21.1%.
Median Sold Price Compared To Nearby Cities
| Tomball | $360K | $373.8K | +3.9% |
| Northwest Harris | $335.7K | $334.9K | -0.2% |
| Pinehurst | $394.5K | $345K | -12.5% |
Housing Supply in Tomball, TX
How many homes are available in Tomball, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 406 | 470 | +15.8% |
Summary: The Tomball real estate market had 470 homes for sale in March 2024, a 15.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 150 | 181 | +20.7% |
| 4 Bedrooms | 198 | 222 | +12.1% |
| 5+ Bedrooms | 51 | 61 | +19.6% |
Summary: The Tomball housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 19.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 91 | 107 | +17.6% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tomball, you may be able to get a good deal. 61.7% of homes here sold below asking price last month.
Summary: A total of 107 homes were sold or pending in Tomball in March 2024, up by 17.6% month-over-month. Of the 107 sold homes, 62% were sold under asking, 26% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 39 Days | -28.8% |
Summary: Homes in Tomball had an average of 39 days on market in Mar 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
12 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 March 2024, 107 homes were sold in Tomball; 58% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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