Katy, TX Housing Market Update — August 2026

If you're thinking about buying or selling in Katy this fall, here's where things actually stand right now — not last year's numbers, not a national headline, but what's happening on the ground in Katy, Texas.

Katy Market Snapshot: August 2026

• Median sale price: approximately $351,000–$360,000
• Median days on market: 41 days citywide
• Inventory: approximately 5.3 to 5.9 months of supply, up from previous years
• Market dynamics: shifting closer to a balanced or slightly buyer-friendly posture, though this varies by specific ZIP code and price tier

A note on "days on market": the 41-day figure above is a citywide average — and citywide averages can be misleading in a market as large and varied as Katy. A home in one neighborhood might move in two weeks while a comparable home a few miles away sits for two months, simply because of school zoning, HOA, or price tier differences. If you're buying or selling, always ask for days-on-market data for the specific neighborhood you're in — not the Katy-wide number — since that's the figure that actually reflects what you'll experience.

What This Means If You're Buying

With inventory climbing toward the 6-month mark that typically signals a balanced market, buyers have more room to negotiate than they've had in recent years — though how much room depends heavily on the specific neighborhood and price point. Well-priced homes in in-demand Katy ISD zones can still move quickly, so pre-approval and a fast, decisive offer still matter when the right home comes up. Roughly 36% of current listings have undergone price drops

What This Means If You're Selling

Pricing accuracy matters more now than it has in years. Homes priced realistically from day one are still selling in a reasonable window; homes priced against last year's market are the ones sitting — and then taking a price cut anyway. A pre-listing pricing conversation and a strong first-two-weeks marketing push matter more in a market like this than they did when everything sold in days regardless of price.

Why Katy Still Draws Buyers

Despite the cooling pace, Katy's underlying appeal hasn't changed. Katy ISD continues to earn top marks and keeps expanding to serve its growing enrollment, and infrastructure investment in the area — road expansions, new retail — keeps reinforcing why families choose Katy over comparable suburbs. A slower market isn't a weaker market; it's a more normal one.

Thinking About Your Next Move?

Whether you're weighing a move to Katy, wondering what your current home is worth in today's market, or just want a second opinion before you list, I'm happy to walk through your specific situation. Get a free home valuation or reach out directly — I'd rather you have real numbers than a guess.

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Anja Drewes Properties — boutique, local expertise across Katy, Sugar Land, Richmond, Cypress, and the Greater Houston area.