Weekly Housing Market Report - Katy and Fulshear, Texas - Week 3: January 12 - January 18, 2025
Week 3: January 12 - January 18, 2025
Katy Housing Market Overview
Market Appreciation or Depreciation
The median closed price for homes in Katy during Week 3 of 2025 was $340,000, reflecting a decrease from $375,000 in Weeks 1 & 2. This drop signals a potential cooling in prices.
Number of Active Listings
As of the end of Week 3, there were 584 active listings in Katy, increasing from 509 in Week 2 and 451 in Week 1, indicating growing inventory levels.
Median Days on Market (DOM)
Sales: The median Days on Market (DOM) for closed sales was 25 days, slightly lower than 26 days in Week 2, and comparable to 24 days in Week 1.
List Price Trends
The median list price for homes sold in Week 3 was $347,000, reflecting a continued decline from $377,450 in Week 2 and $379,900 in Week 1.
Seller Concessions Over $1
Percentage of Sales with Concessions: 56.0% (↑ from 33.3% in Week 2 & 45.1% in Week 1)
Minimum Concession: $600 (↓ from $1,500 in Week 2 & $1,000 in Week 1)
Maximum Concession: $20,000 (↓ from $22,500 in Weeks 1 & 2)
Median Concession: $5,000 (↓ from $9,399.50 in Week 2, similar to Week 1)
Inventory in Months
The inventory level in Katy is now 1.82 months, slightly up from 1.8 months in Week 2, but lower than 2.06 months in Week 1.
Fulshear Housing Market Overview
Market Appreciation or Depreciation
The median closed price for homes in Fulshear was $444,995 in Week 3, a drop from $555,818.50 in Week 2, but close to $454,343 in Week 1.
Number of Active Listings
There were 214 active listings in Fulshear at the close of Week 3, continuing to rise from 192 in Week 2 and 180 in Week 1.
Median Days on Market (DOM)
Sales: The median Days on Market (DOM) for closed sales was 65 days, an increase from 29.5 in Week 2, but close to 53 days in Week 1.
List Price Trends
The median list price for closed sales in Week 3 was $474,995, declining from $574,995 in Week 2 and $502,990 in Week 1.
Seller Concessions Over $1
Percentage of Sales with Concessions: 54.5% (↑ from 42.9% in Week 2 & 33.3% in Week 1)
Minimum Concession: $1,888 (↓ from $2,000 in Week 2 & $5,000 in Week 1)
Maximum Concession: $20,000 (↓ from $22,000 in Week 2, ↑ from $12,557 in Week 1)
Median Concession: $8,568.50 (↑ from $6,975 in Week 2 & $5,000 in Week 1)
Inventory in Months
The inventory level in Fulshear is now 2.27 months, down from 3.2 months in Week 2 and 4.67 in Week 1, indicating a tightening supply.
Market Summary – Week 3 vs. Previous Week
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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