Weekly Housing Market Report - Katy and Fulshear, Texas - Week 1: December 29, 2024 - January 4, 2025
Week 1: December 29, 2024 - January 4, 2025
Katy Housing Market Overview
Market Appreciation or Depreciation
The median closed price for homes in Katy during Week 1 of 2025 was $375,000. This serves as a baseline for tracking appreciation and depreciation throughout the year.
Number of Active Listings
As of the end of Week 1, there were 451 active listings in Katy, providing ample options for buyers in the market.
Median Days on Market (DOM)
Listings: Data unavailable for median DOM on active listings.
Sales: The median Days on Market (DOM) for closed sales was 24 days, indicating that well-priced homes are moving quickly.
List Price Trends
The median list price for homes sold in Week 1 was $379,900.
Seller Concessions Over $1
Percentage of Sales with Concessions: 45.1%
Minimum Concession: $1,000
Maximum Concession: $22,500
Median Concession: $5,900
Inventory in Months
The current inventory in Katy is 2.06 months, serving as a benchmark to measure supply levels over time.
Fulshear Housing Market Overview
Market Appreciation or Depreciation
The median closed price for homes in Fulshear was $454,343 in Week 1 of 2025. This figure will be tracked against future weeks to determine market shifts.
Number of Active Listings
There were 180 active listings in Fulshear at the close of Week 1.
Median Days on Market (DOM)
Listings: Data unavailable for median DOM on active listings.
Sales: The median Days on Market (DOM) for closed sales was 53 days, showing that homes take longer to sell than in Katy.
List Price Trends
The median list price for closed sales in Fulshear was $502,990.
Seller Concessions Over $1
Percentage of Sales with Concessions: 33.3%
Minimum Concession: $5,000
Maximum Concession: $12,557
Median Concession: $5,000
Inventory in Months
Fulshear has a higher inventory at 4.67 months, serving as a key metric for tracking future supply and demand changes.
Market Summary – Katy vs. Fulshear
Key Takeaways:
Katy remains a faster-moving market, with homes selling in a median of 24 days compared to 53 days in Fulshear.
Fulshear has a higher price point but longer time on market, making it more favorable to buyers.
Seller concessions over $1 are more frequent in Katy (45.1%) than in Fulshear (33.3%), with higher concessions in both markets compared to previous periods.
Katy’s lower inventory (2.06 months) indicates a more competitive market, while Fulshear’s 4.67 months of inventory suggests slower sales activity.
FAQs
1. Is the Katy housing market more competitive than Fulshear?
Yes, Katy’s market moves faster, with homes selling in a median of 24 days compared to 53 days in Fulshear. The lower inventory in Katy (2.06 months) signals higher demand.
2. How much are sellers offering in concessions?
In Katy, the median seller concession was $5,900, while in Fulshear, it was $5,000. A higher percentage of sales in Katy included concessions over $1 (45.1%) compared to Fulshear (33.3%).
3. What is the outlook for buyers in Fulshear?
With a higher median price ($454,343) and longer days on market (53 days), buyers in Fulshear may have more room for negotiation. The inventory level of 4.67 months suggests a buyer-friendly market.
4. How does inventory affect home prices?
Lower inventory (as seen in Katy) typically leads to a more competitive market, driving prices up. Higher inventory (as in Fulshear) can lead to longer sales times and potential price adjustments.
For detailed real estate appraisal services in Katy and Fulshear, contact Purdy Appraisal today!
Legal Disclaimer
The information provided in this blog post is for informational purposes only and should not be considered financial, legal, or real estate advice. While every effort is made to ensure the accuracy of the data presented, market conditions fluctuate, and individual circumstances may vary. Readers are encouraged to conduct their own research and consult with a licensed real estate professional before making any property-related decisions. The author and publisher assume no responsibility for any actions taken based on the content of this blog.
#KatyRealEstate #FulshearHousingMarket #PurdyAppraisal #HomeValues2025
Key Takeaways:
Katy remains a faster-moving market, with homes selling in a median of 24 days compared to 53 days in Fulshear.
Fulshear has a higher price point but longer time on market, making it more favorable to buyers.
Seller concessions over $1 are more frequent in Katy (45.1%) than in Fulshear (33.3%), with higher concessions in both markets compared to previous periods.
Katy’s lower inventory (2.06 months) indicates a more competitive market, while Fulshear’s 4.67 months of inventory suggests slower sales activity.
FAQs
1. Is the Katy housing market more competitive than Fulshear?
Yes, Katy’s market moves faster, with homes selling in a median of 24 days compared to 53 days in Fulshear. The lower inventory in Katy (2.06 months) signals higher demand.
2. How much are sellers offering in concessions?
In Katy, the median seller concession was $5,900, while in Fulshear, it was $5,000. A higher percentage of sales in Katy included concessions over $1 (45.1%) compared to Fulshear (33.3%).
3. What is the outlook for buyers in Fulshear?
With a higher median price ($454,343) and longer days on market (53 days), buyers in Fulshear may have more room for negotiation. The inventory level of 4.67 months suggests a buyer-friendly market.
4. How does inventory affect home prices?
Lower inventory (as seen in Katy) typically leads to a more competitive market, driving prices up. Higher inventory (as in Fulshear) can lead to longer sales times and potential price adjustments.
For detailed real estate appraisal services in Katy and Fulshear, contact Purdy Appraisal today!
Legal Disclaimer
The information provided in this blog post is for informational purposes only and should not be considered financial, legal, or real estate advice. While every effort is made to ensure the accuracy of the data presented, market conditions fluctuate, and individual circumstances may vary. Readers are encouraged to conduct their own research and consult with a licensed real estate professional before making any property-related decisions. The author and publisher assume no responsibility for any actions taken based on the content of this blog.
This report is based on data sourced from the provided dataset for Week 1 of 2025. While efforts have been made to ensure accuracy, real estate market conditions are subject to change. This report is for informational purposes only and should not be considered financial or investment advice. Always consult with a licensed real estate professional before making any real estate decisions.
#KatyRealEstate #FulshearHousingMarket #PurdyAppraisal #HomeValues2025
