Here’s a fresh snapshot of the Katy Real Estate Market as of September 2024. Want to receive updates like this each month? Sign up here to stay in the loop.

By the Numbers:

• Active Inventory: 1,510 homes available
• Median Days on Site: 40 days, compared to 37.43 days in August
• Listing Inventory: 645 homes listed in the past 6 months, down from 738 in August
• Median Price: $399,200, slightly down from $399,894 last month

What This Means for Buyers
For buyers, the Katy Real Estate Market shows a steady inventory with 1,510 active listings, giving you plenty of options. The median of 40 days on the market means homes are sitting a bit longer compared to last month. You might have more time to explore options and even negotiate. A small dip in the median price to $399,200 could also work in your favor if you’re looking for a deal. The drop in listing inventory to 645 homes suggests fewer new listings, so while choices are ample now, staying active is important if you find a home that fits your needs.

What This Means for Sellers
If you’re selling, the Katy Real Estate Market is still moving, but it’s competitive. Buyers have options with 1,510 active listings. So, positioning your home well is key. Homes are taking a bit longer to sell, with median days on site up to 40 days. Consider strategic pricing or small updates to catch buyers’ interest. The median price remains close to last month at $399,200, giving you confidence in your home’s value. Plus, with listing inventory lower at 645 homes, there are fewer new properties on the market. This gives your home a better chance to stand out.