Real Estate Market Update for 77494 (Katy, TX)

Video: Real Estate Community Tour for 77494 (Katy, TX)

See Real estate community tour for 77494 (Katy, TX)
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 10% from one year earlier, and down 6% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 370-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 13%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 330-thousand dollars. The number of units sold increased 2% year-over-year, and increased 3% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 77494 (Katy, TX)
Area Information for 77494 (Katy, TX)
  • Population: 105,536
  • Median Age: 34.86 yr
  • Median Commute Time: 33 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 2,586/sq mi
  • Population Change Since 2000: 753.56%
  • Closest Airport: George Bush Intercontinental/houston
  • Closest College: American Cllg Acupuncture-orntl Medcn
  • Closest Jr. College: Remington College-houston
  • Median Household Income: $123,641
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $325,125
  • Closest Major Sports Team: Houston Texans
  • Change Avg. Household Income Since 2000: 52.45%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 77494 (Katy, TX)
Median Age: 34.86 Married: 53% Number of Households: 33,204 Households with Children: 18,723
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 77494 (Katy, TX)

      School Name Distance Type Grades School Rating Parent Rating
      Tompkin High School 0.8 mi Public 9-12 0 4
      Tom Wilson Elementary School 1.2 mi Public K-5 5 0
      Woodcreek J High School 1.5 mi Public 6-8 5 0
      Odessa Kilpatrick Elementary School 1.6 mi Public PRESCHOOL-5 5 0
      Kids R Kids # 34 1.6 mi Private PRESCHOOL-PRESCHOOL 0 0
      Primrose School Of West Cinco Ranch 1.7 mi Private PRESCHOOL-K 0 0
      Roberta Wright Rylander Elementary School 1.9 mi Public PRESCHOOL-5 5 0
      Fred And Patti Shafer Elementary School 2.1 mi Public PRESCHOOL-5 5 5
      Stanley C Stanley Elementary School 2.2 mi Public PRESCHOOL-5 5 0
      Seven Lakes High School 2.3 mi Public 9-12 5 4
      Trinity Charter School 2.3 mi Public 6-12 0 0
      Seven Lakes J High School 2.3 mi Public 6-8 5 0
      Kids R Kids No 61 Cinco Ranch Sw 2.4 mi Private PRESCHOOL-K 0 0
      Beckendorff J High School 2.5 mi Public 6-8 5 0
      Griffin Elementary School 2.5 mi Public PRESCHOOL-5 5 0
      Ray And Jamie Wolman Elementary School 2.5 mi Public K-5 5 0
      Cinco Ranch High School 2.6 mi Public 9-12 5 4
      The Goddard School Katy 2.6 mi Private PRESCHOOL-K 0 0
      Cinco Ranch J High School 2.7 mi Public 6-8 4 5
      James E Randolph Elementary 2.9 mi Public - 0 0
      Woodcreek Elementary School 2.9 mi Public K-5 5 0
      Keiko Davidson Elementary 2.9 mi Public - 0 0
      Bonnie Holland Elementary School 3.1 mi Public PRESCHOOL-5 5 0
      Katy High School 3.2 mi Public 9-12 4 4
      Edna Mae Fielder Elementary School 3.2 mi Public PRESCHOOL-5 4 0
      Roosevelt Alexander Elementary School 3.8 mi Public PRESCHOOL-5 5 0
      Harmony Science Academy - West Houston 3.9 mi Public K-8 5 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 77494 (Katy, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.