This week’s real estate data for Katy, Fulshear, and Richmond, Texas reveals major shifts in inventory, pricing, and buyer behavior.
Katy:
321 new listings hit the market, up from 283. The average list price rose to 472,000 at 173 per square foot. However, pending properties dropped sharply from 153 to 116, despite a steady average pending price of 446,000—suggesting buyers are becoming more selective. The number of sold homes increased from 120 to 140, but the average sold price dipped from 445,000 to 432,000. Sellers are still closing deals, but price expectations may need adjusting.
Fulshear:
Listings increased from 46 to 57, with the average price rising to 583,000—showing continued interest in the $500,000+ segment. Pending sales dipped slightly to 32, but the average pending price surged to 622,000 at 203 per square foot. Sold volume dropped to 42 homes, but the average sold price climbed to 564,000. Fulshear remains a top-tier market, driven by fewer but wealthier buyers.
Richmond:
New listings jumped from 112 to 155 week-over-week. Active list prices fell from 519,000 to 494,000. Pending sales volume slipped slightly, and sold prices dipped from 490,000 to 461,000. Richmond is showing signs of a price correction—buyers have more choices, and sellers may need to adjust quickly to stay competitive.
The Bottom Line:
Inventory is rising across the board. Prices are holding in Fulshear and softening slightly in Richmond and Katy. Sellers in Katy and Richmond should price smart and market strong. Buyers in Richmond have room to negotiate, while those in Fulshear should come prepared—competition is fierce.
This is a data-driven market. Sellers need strategy. Buyers need urgency. Smart investors should act while others wait.
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