Where prices actually stand

The typical home value in Katy, Texas currently sits at $337,000, down 3.4% over the past year, with homes going to pending in around 33 days on average (source: Zillow, data through July 2026). That combination — a modest price pullback alongside a still-brisk pending timeline — points to a market that has cooled from its post-2021 pace without turning into a true buyer’s market.

What that means if you’re buying

A slight year-over-year price decline, paired with 30-something-day pending timelines, generally means well-priced, move-in-ready homes still draw competitive offers, while overpriced or dated listings sit and eventually get repriced. For buyers, that’s an argument for having financing fully lined up — a real pre-approval, not just a rate quote — before touring, so you can move quickly on the listings worth moving quickly on.

What it means for loan sizing

At a $337,000 typical value, most Katy-area purchases sit comfortably under the 2026 conforming loan limit of $832,750 for the county, which means the large majority of local buyers qualify for standard conventional or FHA financing rather than needing a jumbo program — a meaningfully simpler and often better-priced path than what a buyer in a high-cost California county faces at a similar down-payment percentage.

The Fort Bend and Waller County edge

Katy sits across three counties — Harris, Fort Bend, and Waller — and property tax rates, school district boundaries, and even flood-zone designations can shift meaningfully within a few miles. Any local purchase is worth checking specifically against the county and district a given property sits in, rather than assuming Katy-wide averages apply address by address.