Magnolia Grove Housing Market Report December 2024•Harris County, Texas

hero building illustration for mobile

Housing Prices in Magnolia Grove, TX

How much do homes in Magnolia Grove, TX cost?

Housing Market Conditions

Is Magnolia Grove, TX a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Magnolia Grove is a Seller's Market

Difference Since December 2023

Since last year, Magnolia Grove has remained a Seller's Market.

Insight

Magnolia Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$537,500$237/SqFt
+$33,900
+6.7%

Based on all homes sold in the last 12 months

Insight

Homes in Magnolia Grove have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Magnolia Grove was $537,500 in December 2024, up 6.7% from last year, and the median price per square foot was $237.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Montrose
+8.3%
Magnolia Grove
+6.7%
Central Houston
+3.4%
Washington Avenue Coalition / Memorial Park
+2.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$210K$212K
+1.0%
2$377K$410.5K
+8.9%
3$520K$537.5K
+3.4%
4$916.2K$1.0M
+9.1%
5--
N/A

Summary: Magnolia Grove housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +1.0%. The home price for 2 bedroom homes increased by +8.9%. The home price for 3 bedroom homes increased by +3.4%. The home price for 4 bedroom homes increased by +9.1%. The home price for 5 bedroom homes did not change.

Housing supply in Magnolia Grove, TX

How many homes are available in Magnolia Grove, TX?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
35Last MonthDec 2024
362 months agoNov 2024
-2.8 %
Change MoMNov – Dec

Summary: The Magnolia Grove real estate market had 35 homes for sale in Dec 2024, a 2.8 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
9Last MonthDec 2024
62 months agoNov 2024
+50.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
232
-33.3%
32628
+7.7%
464
-33.3%
511
0.0%

Summary: Magnolia Grove housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes increased by +7.7%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Magnolia Grove, TX cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price6 Homes

Insight

If you're buying a home in Magnolia Grove, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Magnolia Grove in December 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and and 11% were sold over asking.

Days on Market for Magnolia Grove, TX

How long does it take to sell a home in Magnolia Grove, TX?

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days3 Homes

Over 90 Days0 Home

Insight

Many homes in Magnolia Grove are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 9 homes were sold in Magnolia Grove; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
22 DaysThis YearDec 2024
37 Days1 year agoDec 2023
-39.2 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Magnolia Grove had an average listing age of 22 days in Dec 2024, down by 39.2% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Magnolia Grove, TX

What homes are available in Magnolia Grove, TX?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Texas

MLS Disclaimers and Copyright

Based on information from Houston REALTORS® Information Service, for the period 01/01/2023 - 01/01/2025

Broker ReciprocityDisclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.

Copyright© 2025 Houston Realtors Information Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 1/20/2025, 7:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.