2022
REAL ESTATE EDITION
REAL ESTATE DATA 2021-22 Katy area
Data on the real estate market in the Katy area
COMPILED BY LAURA ROBB
77094 77441 77449 77450 77494 77493
Real estate market at a glance Much of the Katy area continues to experience lower housing inventory this year compared to last year. Of the six area ZIP codes, 77094 saw the biggest increase in average home sales price from June 2020-May 2021 to June 2021-May 2022 with a 19.25% increase. Meanwhile, all ZIP codes saw decreases in the average number of days a home is on the market compared to the same time in the last year. SOURCES: FREDDIE MAC, CHARLIE RUSSO, RE MAX SIGNATURE COMMUNITY IMPACT NEWSPAPER
529
6
99 TOLL
10
1093
N
Number of homes sold
Average home sales price
June 2020-May 2021
June 2021-May 2022
June 2020-May 2021
June 2021-May 2022
77094
77450
$325,477
$301,861 $287,286
+19.25%
+5.07%
$388,147
77441
77493
$401,985
$295,188
+10.33%
+9.29%
$443,525
$322,623
77449
77494
$212,770
$322,275 $317,194
+7.77%
+1.6%
$229,298
77094
77441
77449
77450
77493
77494
National mortgage rate data Mortgage rates steadily declined early in the pandemic with the 30-year xed-rate mortgage dropping to as low as 2.65% in January 2021. Rates have since increased, spiking to their highest point since 2009 as of early May.
Average days on market
June 2020-May 2021
June 2021-May 2022
30-year xed-rate mortgage
15-year xed-rate mortgage
5.27%
5%
4.51%
3.72%
4.52%
4%
2.65% 3.22%
3%
3.99%
3.16%
2% 0 January 2019
2.16%
2.43%
77094
77441
77449
77450
77493
77494
January 2020
January 2021
January 2022
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Charlie Russo
Direct/Text 713.851.4871 · Charlie@CharlieRussoRealty.com · www.CharlieRussoRealty.com
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