Real Estate Market Update for 77494 (Katy, TX)
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Welcome to September's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was up 9% from one year earlier, and down 11% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 410-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 8%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 320-thousand dollars. The number of units sold decreased 15% year-over-year, and decreased 29% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.
Map Information for 77494 (Katy, TX)
Area Information for 77494 (Katy, TX)
  • Population: 69,696
  • Median Age: 33.19 yr
  • Median Commute Time: 31.47 mins
  • Educational Climate*: 5
  • Sales Tax: 6.25%
  • Population Density: 1,709/sq mi
  • Population Change Since 2000: 448.79%
  • Closest Airport: William P Hobby
  • Closest College: Rice University
  • Closest Jr. College: Remington College-houston
  • Median Household Income: $116,553
  • Annual Residential Turnover: 17.9%
  • Median Years in Residence: 3.37 yr
  • Median Home Sales Price: $270,000
  • Closest Major Sports Team: Texans
  • Change Avg. Household Income Since 2000: 37%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 77494 (Katy, TX)
Median Age: 33.19 Married: 40% Number of Households: 22,605 Households with Children: 13,168
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 GreatSchools Rating Parent Rating
      Woodcreek J High School 0.0 mi Public 6-8 5 4
      Odessa Kilpatrick Elementary School 1.6 mi Public PRESCHOOL-5 5 5
      Roberta Wright Rylander Elementary School 1.9 mi Public PRESCHOOL-5 5 5
      Stanley C Stanley Elementary School 2.2 mi Public PRESCHOOL-5 5 5
      Seven Lakes High School 2.3 mi Public 9-12 4-5 5
      Trinity Charter School 2.3 mi Public 6-12 0 0
      Seven Lakes J High School 2.4 mi Public 6-8 5 4
      Ray And Jamie Wolman Elementary School 2.5 mi Public K-5 5 4
      Cinco Ranch High School 2.6 mi Public 9-12 4-5 4
      Cinco Ranch J High School 2.6 mi Public 6-8 4-5 5
      Ursula Stephens El 2.9 mi Public PRESCHOOL-5 4-5 4
      Woodcreek Elementary School 2.9 mi Public K-5 4-5 4
      Beckendorff J High School 3.1 mi Public 6-8 5 5
      Griffin Elementary School 3.1 mi Public PRESCHOOL-5 5 4
      Bonnie Holland Elementary School 3.1 mi Public PRESCHOOL-5 5 4
      Katy High School 3.2 mi Public 9-12 4 4
      Edna Mae Fielder Elementary School 3.2 mi Public PRESCHOOL-5 5 5
      Childrens Lighthouse Learning Center 3.2 mi Private PRESCHOOL-K 0 0
      Roosevelt Alexander Elementary School 3.9 mi Public PRESCHOOL-5 5 5
      Harmony Science Academy - West Houston 3.9 mi Public K-8 0 0
      Fred And Patti Shafer Elementary School 6,574.8 mi Public PRESCHOOL-5 5 5
      Tom Wilson Elementary School 6,574.8 mi Public K-5 5 4
      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: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 77494 (Katy, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.