What’s happening in the Katy housing market this week?

295 new listings entered the market, 160 homes went pending, and 112 sold. Buyers remain active while pricing adjusts, signaling steady but cautious demand.

Are home prices dropping in Katy?

Yes, average sold prices slipped to about $404,000 — nearly $50,000 lower than two weeks ago. Sellers accepted roughly 5% below original list, indicating a softening trend.

How fast are homes selling?

Days on market averaged 48, down slightly from 50 last week. Well-priced homes continue to move quickly, confirming ongoing buyer engagement.

What should Katy home sellers focus on now?

Price your home right from day one. With buyers watching the numbers closely, realistic pricing drives showings and stronger offers faster.

How can Katy buyers take advantage of current conditions?

Now’s a great time to negotiate. Buyers are seeing modest discounts and more inventory choice. Pair pre-approval with a clear strategy to secure value before the market tightens again.

What’s the key takeaway from this week’s report?

Katy’s market is active but balanced. Pricing is easing, days on market are stable, and both sides have opportunities — sellers through strategy, buyers through timing and negotiation.

Katy | Fulshear | Richmond TX | This Week in Real Estate 07/21/25

This week in Katy, Texas, 295 new listings hit the market, averaging 462,000 at 174 per square foot. 160 homes are pending, averaging 452,000 at 178 per square foot. Buyers are still active, but they’re watching the numbers. 112 homes sold, averaging 404,000 at 164 per square foot. Average sold prices are down nearly 50,000 from just two weeks ago. Sellers accepted about 5% below the original list price. Average days on market tightened to 48, compared to 50 last week. If you’re selling, price it right on day one. If you’re buying, now’s the time to negotiate strong. You want strategy, not guesswork.

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Katy | Fulshear | Richmond TX | This Week in Real Estate 07/21/25