Katy, TX 77494 Real Estate Market Report

ZIP Code: 77494
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Katy, TX (77494) real estate market is characterized by a median sold price of $489,000, reflecting a stable demand despite current market conditions. The neighborhood has increased up since 2023, indicating a positive trend in property values. The median listing price stands at $519,900, suggesting a notable gap between seller expectations and actual sales, which may create pricing friction for potential buyers.

Transaction activity appears moderate, with 188 days on market indicating slower sales velocity. This extended time frame may suggest that while demand remains, buyers are exercising caution in their purchasing decisions. The market is currently experiencing elevated inventory levels, which could impact future pricing dynamics as sellers adjust their strategies in response to market conditions.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Katy, TX are approximately 6.57% compared to an average of 6.17% in 2026, indicating property owners locked in a favorable rate.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. $489,000 is the median sold price, indicating strong market activity despite a notable gap with listing prices.

2. 188 days on market suggests a slower sales velocity, reflecting cautious buyer behavior in the current environment.

3. The median listing price of $519,900 indicates potential pricing friction as sellers may need to adjust expectations to align with buyer sentiment.

4. Market conditions are characterized by elevated inventory levels, which may lead to increased competition among sellers and impact pricing strategies.

5. The median market rent of $3,340 remains high, despite a down trend year-over-year, suggesting a shift in rental demand dynamics.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.