Is Katy, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Katy has remained a Seller's Market.
Housing Prices in Katy, TX
How much do homes in Katy, TX cost?
Median Sold Price
$374,732
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Katy was $374,732 in April 2024, up 4.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $312.8K | $326K | +4.2% |
3 Bedrooms | $289K | $295.6K | +2.3% |
4 Bedrooms | $419.9K | $425.9K | +1.4% |
5+ Bedrooms | $610K | $629.6K | +3.2% |
Summary: Katy housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
Katy | $359.8K | $374.7K | +4.1% |
Fulshear-Simonton | $484.9K | $489.6K | +0.9% |
Houston | $325.4K | $315.1K | -3.2% |
Housing Supply in Katy, TX
How many homes are available in Katy, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,468 | 1,795 | +22.3% |
Summary: The Katy real estate market had 1,795 homes for sale in April 2024, a 22.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 23 | 22 | -4.3% |
3 Bedrooms | 457 | 547 | +19.7% |
4 Bedrooms | 791 | 977 | +23.5% |
5+ Bedrooms | 196 | 248 | +26.5% |
Summary: The Katy housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 26.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
346 | 370 | +6.9% |
Asking Price vs. Sold Price
225 Homes Were Sold
Under Asking
67 Homes Were Sold
At Asking
78 Homes Were Sold
Over Asking
Summary: A total of 370 homes were sold or pending in Katy in April 2024, up by 6.9% month-over-month. Of the 370 sold homes, 61% were sold under asking, 18% were sold at asking, and 21% were sold over asking.
Days on Market for Katy, TX
How long does it take to sell a home in Katy, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 35 Days | -6.5% |
Summary: Homes in Katy had an average of 35 days on market in Apr 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
231 Homes Were Sold
Under 30 Days
98 Homes Were Sold
In 30 - 90 Days
41 Homes Were Sold
Over 90 Days
Summary: During April 2024, 370 homes were sold in Katy; 62% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.