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Jarod Greenberg

A home for sale by Katy - Fulshear area realtor Jared Greenberg.

Katy-Fulshear home prices coming down as market moves toward pre-pandemic normal

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KATY-FULSHEAR, Texas (Covering Katy News) — If you're house hunting in Katy-Fulshear, you've probably noticed something different lately: there are a lot more homes to choose from, and prices aren't climbing like they used to.

In September, the average home sold for $430,044 — down a bit from $436,550 the year before. The median price dropped more, falling from $380,000 to $362,507.

But people are still buying. There were 640 homes sold in September, almost the same as last year's 629. What's changed is how many houses are for sale. That number jumped 35%, from about 2,000 to more than 2,700.

Homes are sitting on the market about the same amount of time — around two months — which tells you the market has cooled off but hasn't frozen up.

Buyers can take their time now, and sellers are pricing their homes closer to what people are actually willing to pay.

The number of available homes started climbing earlier this year, hitting a peak of more than 3,000 in July before dropping off a little as summer ended.

Here's how different ZIP codes are doing:

77494:

  • Average price: $551,761
  • Median price: $487,500
  • Homes sold: 106
  • Homes for sale: 528

77450:

  • Average price: $413,284
  • Median price: $346,500
  • Homes sold: 54
  • Homes for sale: 209

77441 (Fulshear):

  • Average price: $495,502
  • Median price: $402,789
  • Homes sold: 134
  • Homes for sale: 505

77493:

  • Average price: $395,322
  • Median price: $339,990
  • Homes sold: 275
  • Homes for sale: 1,087

77449:

  • Average price: $272,020
  • Median price: $270,300
  • Homes sold: 71
  • Homes for sale: 399

The bottom line? The local housing market is getting back to normal. There are more options for buyers, people are still buying, and prices are coming back down to earth after the crazy pandemic years.