Are buyers gaining leverage in Katy right now?

Yes. With 293 new listings, a 6% average discount off list price, and longer market times, buyers have more negotiating room and selection than earlier in the year.

What is the average home price for buyers in Katy this week?

The average sold price was $410,000, about 6% under the original list price of $435,000, with price per square foot at $164.

How are days on market affecting buyer opportunities?

Days on market have risen to around 60, which indicates slower seller momentum. Buyers can take time to negotiate while still acting quickly on well-priced listings.

Should Katy buyers wait for more price drops?

While conditions favor buyers now, waiting can risk missing good inventory or potential interest rate shifts. Focus on value and location rather than timing the market.

What’s the best next step for buyers who want to take advantage of this shift?

Get pre-approved, define your target price range, and work with an experienced local REALTOR® to identify opportunities quickly. Market balance may tighten again as demand responds.

Katy | Fulshear | Richmond TX | This Week in Real Estate 08/04/25

Katy buyers. This week’s numbers are giving you some real power. 293 new listings hit the market, averaging 451,000 at 175 per square foot, 172 homes sold. Buyers got them for just 410,000 at 164 per square foot. That’s about a 6% off the original asking price of 435,000. And on average, days on market rising to 60. Sellers are starting to feel the pressure. If you’re looking to buy in Katy, now’s your moment. DM me and I’ll help you take advantage of this shift.

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Katy | Fulshear | Richmond TX | This Week in Real Estate 08/04/25