08/10/2026
🏡 July Market Update | Magnolia & Montgomery
The July numbers are in, and while these neighboring markets look very different, new construction helps explain why.
📍 Magnolia
Average sale price ↑ 2.9% to $414,130
Homes sold ↓ 15.3%
Days on market ↓ 13.1%
New listings ↑ 8.6%
Digging deeper, much of Magnolia’s drop in sales was concentrated in new construction, especially in the $250K–$350K range. New-construction listings coming to market, however, remained fairly similar to last July. With continued development throughout the area, new builds remain a major part of our market.
📍 Montgomery
Average sale price ↑ 4.5% to $539,072
Homes sold ↑ 33.3%
Days on market ↑ 15.6%
New listings ↑ 38.7%
Montgomery saw strong growth in both sales and inventory, with new construction contributing significantly to that increase. Buyers have more choices, but homes are also taking a little longer to sell.
📊 The takeaway? A citywide statistic never tells the whole story. New construction, resale homes, price range and even neighborhood can perform very differently—even between Magnolia and Montgomery.
If you’re thinking about buying or selling, I’m happy to help you look at what the numbers mean for your specific market.
Source: HAR MLS | July 2026 compared with July 2025 | Single-family homes