Weekly Housing Market Report - Katy and Fulshear, Texas - Week 2: January 5 - January 11, 2025
Week 2: January 5 - January 11, 2025
Katy Housing Market Overview
Market Appreciation or Depreciation
The median closed price for homes in Katy during Week 2 of 2025 was $375,000, showing no change from Week 1. This stability serves as a benchmark for price trends moving forward.
Number of Active Listings
As of the end of Week 2, there were 509 active listings in Katy, an increase from 451 in Week 1, indicating growing inventory.
Median Days on Market (DOM)
Sales: The median Days on Market (DOM) for closed sales was 26 days, slightly higher than 24 days in Week 1.
List Price Trends
The median list price for homes sold in Week 2 was $377,450, reflecting a slight decrease from $379,900 in Week 1.
Seller Concessions Over $1
Percentage of Sales with Concessions: 33.3% (↓ from 45.1% in Week 1)
Minimum Concession: $1,500 (↑ from $1,000 in Week 1)
Maximum Concession: $22,500 (No change)
Median Concession: $9,399.50 (↑ from $5,900 in Week 1)
Inventory in Months
The inventory level in Katy is now 1.8 months, down from 2.06 months in Week 1, indicating a slightly more competitive market.
Fulshear Housing Market Overview
Market Appreciation or Depreciation
The median closed price for homes in Fulshear was $555,818.50 in Week 2, showing a significant increase from $454,343 in Week 1.
Number of Active Listings
There were 192 active listings in Fulshear at the close of Week 2, a slight increase from 180 in Week 1.
Median Days on Market (DOM)
Sales: The median Days on Market (DOM) for closed sales was 29.5 days, significantly lower than 53 days in Week 1, suggesting improved market activity.
List Price Trends
The median list price for closed sales in Week 2 was $574,995, reflecting an increase from $502,990 in Week 1.
Seller Concessions Over $1
Percentage of Sales with Concessions: 42.9% (↑ from 33.3% in Week 1)
Minimum Concession: $2,000 (↓ from $5,000 in Week 1)
Maximum Concession: $22,000 (↑ from $12,557 in Week 1)
Median Concession: $6,975 (↑ from $5,000 in Week 1)
Inventory in Months
The inventory level in Fulshear is now 3.2 months, down from 4.67 months in Week 1, signaling stronger demand.
Market Summary – Week 2 vs. Week 1
Key Takeaways:
Katy’s market remains stable with a steady median sale price, but inventory is tightening slightly, making the market more competitive.
Fulshear saw significant appreciation, with median home prices increasing by over $100,000 in one week.
Days on market decreased in Fulshear, suggesting a rise in demand compared to Week 1.
Seller concessions were higher in Week 2 for both markets, showing that buyers are negotiating more effectively.
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.
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