Altos Market Data for Realtors

Tomball, TX

Single-Family Homes

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Tomball, TX

Tue Sep 21 2021
This week the median list price for Tomball, TX is $408,950 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has decreased to 318. Click here to stay informed with the Tomball market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Tomball, TX

Tue Sep 21 2021
This week the median list price for Tomball, TX is $408,950 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has decreased to 318. Click here to stay informed with the Tomball market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Tomball market.
Median List Price $408,950
Median Price of New Listings $339,000
Per Square Foot $169
Average Days on Market 65
Median Days on Market 42
Price Decreased 44%
Price Increased 16%
Relisted 6%
Inventory 318
Median Rent $1,993
Market Action 49
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$820,000 3,711 1 - 2.5 acres 4 3 7 6 10 56
$451,483 2,809 8,000 - 10,000 sqft 4 3 1 13 3 35
$359,988 2,337 6,500 - 8,000 sqft 4 2 0 8 11 42
$279,951 1,619 4,500 - 6,500 sqft 3 2 0 26 20 24