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The Katy housing market is moderately competitive, with homes typically receiving an average of 4 offers and selling within about 40 days. Last month, the median sale price for a home in Katy was $368K, reflecting a 4.6% increase from the previous year. The median price per square foot remains steady at $166, unchanged compared to last year.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In September 2024, Katy home prices saw a 4.6% increase compared to the previous year, with the median sale price reaching $368K. Homes are now taking longer to sell, with an average of 40 days on the market, compared to just 27 days last year. Despite the extended selling time, sales activity has increased, with 491 homes sold in September, up from 448 the previous year. The median price per square foot in Katy remains steady at $166, unchanged from last year, suggesting a stable price-per-space value, even as overall prices rise. This combination of price growth and longer market times could indicate a shift towards a more balanced market, with steady demand meeting a growing supply of homes.
Katy’s housing market is somewhat competitive, with homes typically selling in about 34 days. Some properties receive multiple offers, though on average, homes sell for around 2% below the list price and go pending within 34 days. However, "hot" homes, which attract more interest, often sell closer to the list price and go pending in as little as 11 days, highlighting strong demand for well-priced or desirable properties.
Nationally, 1% of homebuyers expressed interest in relocating to Katy from outside metropolitan areas. Among these, Los Angeles homebuyers showed the highest interest in moving to Katy, followed by those from New York and Dallas. This trend suggests that Katy is gaining attention from buyers in major cities, likely due to its affordability, family-friendly atmosphere, and proximity to the Houston metro area.
If you're considering a move to Katy or have questions about the local real estate market, we're here to help. Our team has extensive knowledge of the area and is committed to guiding you through the entire process of finding your ideal property. Don’t wait—reach out now to get expert advice and start your journey to owning a home in Katy!
Discover everything Katy, TX has to offer by exploring our detailed neighborhood guide! Whether you're searching for family-friendly communities, top-rated schools, or easy access to Houston, our guide has all the insights you need to find the perfect neighborhood. Start browsing now and see why Katy is one of the most desirable places to live in Texas!
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