Magnolia Texas Real Estate Market Update

The Magnolia Texas Real Estate Market

Average price per square foot for Magnolia TX was $43, a decrease of 21.8% compared to the same period last year. The median sales price for homes in Magnolia TX for Jul 09 to Sep 09 was $106,232 based on 4 home sales. Compared to the same period one year ago, the median home sales price decreased 3.2%, or $3,508, and the number of home sales decreased 55.6%.

There are currently 1,217 resale and new homes in Magnolia on Trulia, including 110 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Magnolia TX was $350,615 for the week ending Oct 13, which represents an increase of 0.3%, or $1,113, compared to the prior week.

The median sales price for homes in Magnolia TX for Jul 09 to Sep 09 was $106,232. This represents a decline of 56.2%, or $136,353, compared to the prior quarter and a decrease of 3.2% compared to the prior year. Sales prices have depreciated 32.8% over the last 5 years in Magnolia.

The average listing price for Magnolia homes for sale on Trulia was $350,615 for the week ending Oct 13, which represents an increase of 0.3%, or $1,113, compared to the prior week and a decline of 0.9%, or $3,336, compared to the week ending Sep 22. Average price per square foot for Magnolia TX was $43, a decrease of 21.8% compared to the same period last year.

Find information on buying or selling your next home here on our real estate website. Let an expert Magnolia and North Houston Texas Realtor® help you through out the real estate buying or selling process. This is a great area to live in. Whether you already know which area you are interested in, or are looking for some suggestions, contact us today and we can discuss any question you might have about Magnolia TX or any of the surrounding cities!

Phone: 281-746-7700
Email: priscilla.ferguson@gmail.com