May

/in /by

Dear Neighbor, 

When you’re thinking about selling to simplify life and capitalize on the equity you’ve built, you know it’s a big decision. There is a lot at stake when selling your longtime home, so of course you deserve expert guidance while preparing to sell what is likely one of your largest assets. 

You’ve worked hard to build equity in your home, and you want to fully understand the value of your assets in today’s real estate market. Here are the top three things you need to know about our current real estate market in Katy, Texas: 

Interest Rates Stayed Elevated  

Interest rates are predicted to stay elevated throughout 2025. What does this mean for you as a homeowner thinking of selling? A strategic plan for positioning your home to be “best in class” will always be the winning strategy. We anticipate buyer competition to continue to go up as buyers who were sitting on the fence jump back into the market. Weighing the pros and cons of carrying costs for your current home, values of your new property, and your own life timeline is exactly why having a strategic guide is so important so you can get the best possible terms for  

The Number of Homes for Sale Is Rising

Katy now has 3.7 months of housing inventory, up from 2.5 months in April 2024—signaling a shift toward a more balanced market. While demand remains strong, higher price points have slowed the pace of sales from the rapid clip we might typically expect. That’s why preparing, pricing, and positioning your home to stand out as “best in class” is more critical than ever. When done right, you’re negotiating favorable terms on competitive offers, not slashing prices and raising red flags for potential buyers. In today’s market, strategic planning isn’t just smart, it’s essential.

Median Sale Price Sees Modest Decline

In April, the median sale price in Katy was $350,000, a 7.9% dip from $380,000 in April 2024. Despite the increase in available homes, pricing has remained relatively stable, a testament to the ongoing demand in our area. As interest rates continue to shift and buyer competition heats up, working with an expert to strategically position your home can make all the difference in navigating market volatility and handling the unexpected. 

As a homeowner, what does this mean for you? 

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market. 

When you work with me, I make it a point to ensure that you feel comfortable and confident throughout your entire home sale. You want to feel certain that you have an agent who can calmly and proactively address any concerns that can show up during your home sale. To make sure we maximize your results, I will determine how best to prepare your home to increase its value to buyers and competitively price and position it on the market. 

My commitment to excellence, creative problem-solving, and strategic negotiations is just a few reasons why my clients have trusted me with over $25 million sold in the Katy area. My process works, and I make it a seamless, simple experience for you. 

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816 

We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on the market. 

Call Today → 225-368-5816 

Cameron Balkom REALTOR
License # 0722810
Coldwell Banker Realty
cameronbalkom.sites.cbmoxi.com/
Cameron.balkom@cbrealty.com
225-368-5816 

 

Katy Market Highlights 

Single-Family Home Stats 

April 2024 vs. April 2025 

Analysis 

Median Sale Price 

↓ Down 7.9% 

 Median sales price is now at $350,000, down 7.9% from $380,000 in April 2024. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible. 

Median Days on Market 

↑ 3 days

 Median days on market up, at 17 in April —the current high demand and low supply market are still holding strong for those who price strategically. 

Sale-to-List Price Ratio 

Steady

 From 96.9% in April 2024 to 96.2% in April 2025, we are seeing a slight decrease likely due to some aggressive overpricing the market couldn’t sustain, resulting in price reductions and more time on the market. That’s exactly why having a strategic plan is so important. 

Price per Square Foot 

↑ Up 2.9% 

 Demand in Katy is on the rise, and price per square foot is now at $178/ sq. ft. as of the end of April this year, as compared to $173/sq. ft. in 2024. This number has continued to inch up even with the pressures from inventory and demand, making it even more important to strike a balance when listing. 

Months of Inventory 

↑ Up 1.2 months 

 We were at 2.5 in April 2024, compared to 3.7 at the end of April  2025—as inventory levels rise, we will likely see days on market increase, making a strategic plan even more valuable for homeowners who want a more predictable path forward when selling. 

Source: Houston Association of Realtors. 

 

Looking Ahead  

Here’s what we’ll be watching over the coming months: 

  1. Interest rates dropping or rising?

While mortgage rates are expected to remain elevated for the foreseeable future, home prices are projected to rise at a more moderate pace in 2025. This means buyers in Katy might have a bit more breathing room with fewer bidding wars, but competition will still be present. Whether rates dip or not, demand for homes in Katy remains strong, and inventory is gradually improving. Sellers should note that the market is stabilizing, so pricing your home correctly is key, as home values continue to appreciate, but not at the rapid rates seen in the past few years. 

  1. Pricing and Positioning to Sell Successfully (Even in a Changing Market)

The market is shifting. Rates are elevated, prices are inching upward, and inventory is slowly improving. In this unpredictable environment, it’s essential to have a strategy in place that positions your home for success. With the right pricing and positioning, your home can stand out among the competition. As your trusted agent, my goal is to help you navigate the complexities of the market and create a plan that showcases your home in its best light, maximizing your potential return. 

  1. What to Expect When Selling Your Home

The real estate market is always shifting, but with the right preparation, you can sell with confidence. A solid marketing strategy, keen pricing insight, and expert negotiation skills are essential to ensure you get the best terms possible. Selling your home is one of the largest financial decisions you’ll make, and having an experienced guide by your side is critical to achieving success, no matter what the market is doing. 

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816 

 

 

April

/in /by

Dear Neighbor, 

When you’re thinking about selling to simplify life and capitalize on the equity you’ve built, you know it’s a big decision. There is a lot at stake when selling your longtime home, so of course, you deserve expert guidance while preparing to sell what is likely one of your largest assets. 

You’ve worked hard to build equity in your home, and you want to fully understand the value of your assets in today’s real estate market. Here are the top three things you need to know about our current real estate market in Katy, Texas: 

Interest Rates Stayed Elevated  

Interest rates are predicted to stay elevated throughout 2025. What does this mean for you as a homeowner thinking of selling? A strategic plan for positioning your home to be “best in class” will always be the winning strategy. We anticipate buyer competition to continue to go up as buyers who were sitting on the fence jump back into the market. Weighing the pros and cons of carrying costs for your current home, values of your new property, and your own life timeline are exactly why having a strategic guide is so important so you can get the best possible terms for  

The Number of Homes for Sale Is Rising 

Katy now has 3.8 months of inventory, up from 2.6 in March 2024, reaching a more balanced market. Rising price points have kept sales from the breakneck pace we’d typically assume from the high demand for our market, which makes preparing, pricing and positioning your home to be “best in class” even more important. Done correctly, you want to be negotiating on offers for the best possible terms instead of overpricing and needing to face multiple price reductions, often leaving buyers wondering what’s wrong. Strategic planning is always a good idea, especially so in our current market. 

Median Sale Price Slight Decrease  

In March, the median sale price was $350,000, down 2.8% from $360,000 last March. Even with the number of homes listed for sale going up, median price is relatively steady, which speaks to the volume of demand. As interest rates fluctuate and buyer competition continues to rise, having a strategic plan for positioning your home as best as possible and working with an expert negotiator can make navigating the market chaos and transaction curveballs much smoother. 

As a homeowner, what does this mean for you? 

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market. 

When you work with me, I make it a point to ensure that you feel comfortable and confident throughout your entire home sale. You want to feel certain that you have an agent who can calmly and proactively address any concerns that can show up during your home sale. To make sure we maximize your results, I will determine how best to prepare your home to increase its value to buyers and competitively price and position it on the market. 

My commitment to excellence, creative problem-solving, and strategic negotiations are just a few reasons why my clients have trusted me with over $25 million sold in the Katy area. My process works, and I make it a seamless, simple experience for you. 

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816 

We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on the market. 

Call Today → 225-368-5816 

Cameron Balkom REALTOR
License # 0722810
Coldwell Banker Realty
cameronbalkom.sites.cbmoxi.com/
Cameron.balkom@cbrealty.com
225-368-5816 

 

Katy Market Highlights 

Single-Family Home Stats  March 2024 vs. March 2025  Analysis 
Median Sale Price  ↓ Down 2.8%  Median sales price is now at $350,000, down 2.8% from $360,000 in March 2024. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible. 
Median Days on Market  ↑ 6 days Median days on market up, at 26 in March, the current high demand and low supply market is still holding strong for those who price strategically. 
Sale-to-List Price Ratio  Steady From 96.7% in March 2024 to 95.6% in March 2025, we are seeing a slight decrease likely due to some aggressive overpricing the market couldn’t sustain, resulting in price reductions and more time on the market. That’s exactly why having a strategic plan is so important. 
Price per Square Foot  ↑ Up 4%  Demand in Katy is on the rise, and price per square foot is now at $180/ sq. ft. as of the end of March this year, as compared to $173/sq. ft. in 2024. This number has continued to inch up even with the pressures from inventory and demand, making it even more important to strike a balance when listing. 
Months of Inventory  ↑ Up 1.2 months  We were at 2.6 in March 2024, compared to 3.8 at the end of March  2025—as inventory levels rise, we will likely see days on market increase, making a strategic plan even more valuable for homeowners who want a more predictable path forward when selling. 

Source: Houston Association of Realtors. 

 

Looking Ahead

Here’s what we’ll be watching over the coming months: 

  1. Interest rates dropping or rising?

While mortgage rates are expected to remain elevated for the foreseeable future, home prices are projected to rise at a more moderate pace in 2025. This means buyers in Katy might have a bit more breathing room with fewer bidding wars, but competition will still be present. Whether rates dip or not, demand for homes in Katy remains strong, and inventory is gradually improving. Sellers should note that the market is stabilizing, so pricing your home correctly is key, as home values continue to appreciate but not at the rapid rates seen in the past few years. 

  1. Pricing and Positioning to Sell Successfully (Even in a Changing Market)

The market is shifting. Rates are elevated, prices are inching upward, and inventory is slowly improving. In this unpredictable environment, it’s essential to have a strategy in place that positions your home for success. With the right pricing and positioning, your home can stand out among the competition. As your trusted agent, my goal is to help you navigate the complexities of the market and create a plan that showcases your home in its best light, maximizing your potential return. 

  1. What to Expect When Selling Your Home

The real estate market is always shifting, but with the right preparation, you can sell with confidence. A solid marketing strategy, keen pricing insight, and expert negotiation skills are essential to ensure you get the best terms possible. Selling your home is one of the largest financial decisions you’ll make, and having an experienced guide by your side is critical to achieving success, no matter what the market is doing. 

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816 

 

 

March

/in /by

Dear Neighbor, 

When you’re thinking about selling to simplify life and capitalize on the equity you’ve built, you know it’s a big decision. There is a lot at stake when selling your longtime home, so of course you deserve expert guidance while preparing to sell what is likely one of your largest assets. 

You’ve worked hard to build equity in your home, and you want to fully understand the value of your assets in today’s real estate market. Here are the top three things you need to know about our current real estate market in Katy, Texas: 

 Interest Rates Stayed Elevated  

Interest rates are predicted to stay elevated through the beginning of the year and most expect the trend to continue throughout 2025. What does this mean for you as a homeowner thinking of selling? A strategic plan for positioning your home to be “best in class” will always be the winning strategy. We anticipate buyer competition to continue to go up as buyers who were sitting on the fence jump back into the market. Weighing the pros and cons of carrying costs for your current home, values of your new property, and your own life timeline are exactly why having a strategic guide is so important so you can get the best possible terms for  

The Number of Homes for Sale is Rising 

Katy now has 3.4 months of inventory, up from 2.6 in February 2024, reaching a more balanced market. Rising price points have kept sales from the breakneck pace we’d typically assume from the high demand for our market, which makes preparing, pricing and positioning your home to be “best in class” even more important. Done correctly, you want to be negotiating on offers for the best possible terms, instead of overpricing and needing to face multiple price reductions, often leaving buyers wondering what’s wrong. Strategic planning is always a good idea, especially so in our current market. 

Median Sale Price Slight Decrease  

In February, the median sale price was $335,000, down 9.5% from $370,000 last February. Even with the number of homes listed for sale going up, median price is relatively steady, which speaks to the volume of demand. As interest rates fluctuate and buyer competition continues to rise, having a strategic plan for positioning your home as best as possible and working with an expert negotiator can make navigating the market chaos and transaction curveballs much smoother. 

As a homeowner, what does this mean for you? 

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market. 

When you work with me, I make it a point to ensure that you feel comfortable and confident throughout your entire home sale. You want to feel certain that you have an agent who can calmly and proactively address any concerns that can show up during your home sale. To make sure we maximize your results, I will determine how best to prepare your home to increase its value to buyers and competitively price and position it on the market. 

My commitment to excellence, creative problem-solving, and strategic negotiations is just a few reasons why my clients have trusted me with over $25 million sold in the Katy area. My process works, and I make it a seamless, simple experience for you. 

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816 

We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market. 

Call Today → 225-368-5816 

Cameron Balkom REALTOR
License # 0722810
Coldwell Banker Realty
cameronbalkom.sites.cbmoxi.com/
Cameron.balkom@cbrealty.com
225-368-5816 

 

Katy Market Highlights

Single-Family Home Stats 

February 2024 vs. February 2025 

Analysis 

Median Sale Price 

↓ Down 9.5% 

Median sales price is now at $335,000 down 9.5% from $370,000 in February 2024. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible. 

Median Days on Market 

↓ 11 days 

Median days on market down, at 20 in February the current high demand and low supply market are still holding strong for those who price strategically. 

Sale-to-List Price Ratio 

Steady 

From 95.5% in February 2024 to 94.7% in February 2025, we are seeing a slight decrease likely due to some aggressive overpricing the market couldn’t sustain, resulting in price reductions and more time on the market. That’s exactly why having a strategic plan is so important. 

Price per Square Foot 

↑ Up 1.7% 

Demand in Katy is on the rise, and price per square foot is now at $176 sq. ft. as of the end of February this year, as compared to $173/sq. ft. in 2024. This number has continued to inch up even with the pressures from inventory and demand, making it even more important to strike a balance when listing. 

Months of Inventory 

 ↑ Up 0.8 months 

We were at 2.6 in February 2024, compared to 3.4 at the end of February  2025—as inventory levels rise, we will likely see days on market increase, making a strategic plan even more valuable for homeowners who want a more predictable path forward when selling. 

Source: Houston Association of Realtors. 

Looking Ahead

Here’s what we’ll be watching over the coming months: 

  1. Interest rates dropping or rising?

While mortgage rates are expected to remain elevated for the foreseeable future, home prices are projected to rise at a more moderate pace in 2025. This means buyers in Katy might have a bit more breathing room with fewer bidding wars, but competition will still be present. Whether rates dip or not, demand for homes in Katy remains strong, and inventory is gradually improving. Sellers should note that the market is stabilizing, so pricing your home correctly is key, as home values continue to appreciate, but not at the rapid rates seen in the past few years. 

  1. Pricing and Positioning to Sell Successfully (Even in a Changing Market)

The market is shifting. Rates are elevated, prices are inching upward, and inventory is slowly improving. In this unpredictable environment, it’s essential to have a strategy in place that positions your home for success. With the right pricing and positioning, your home can stand out among the competition. As your trusted agent, my goal is to help you navigate the complexities of the market and create a plan that showcases your home in its best light, maximizing your potential return. 

  1. What to Expect When Selling Your Home

The real estate market is always shifting, but with the right preparation, you can sell with confidence. A solid marketing strategy, keen pricing insight, and expert negotiation skills are essential to ensure you get the best terms possible. Selling your home is one of the largest financial decisions you’ll make, and having an experienced guide by your side is critical to achieving success, no matter what the market is doing. 

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816 

 

February

/in /by

Dear Neighbor, 

When you’re thinking about selling to simplify life and capitalize on the equity you’ve built, you know it’s a big decision. There is a lot at stake when selling your longtime home, so of course you deserve expert guidance while preparing to sell what is likely one of your largest assets. 

 You’ve worked hard to build equity in your home, and you want to fully understand the value of your assets in today’s real estate market. Here are the top three things you need to know about our current real estate market in Katy, Texas: 

Interest Rates Stayed Elevated  

 Interest rates are predicted to stay elevated through the beginning of the year and most expect the trend to continue throughout 2025. What does this mean for you as a homeowner thinking of selling? A strategic plan for positioning your home to be “best in class” will always be the winning strategy. We anticipate buyer competition to continue to go up as buyers who were sitting on the fence jump back into the market. Weighing the pros and cons of carrying costs for your current home, values of your new property, and your own life timeline are exactly why having a strategic guide is so important so you can get the best possible terms for  

 The Number of Homes for Sale is Rising 

 Katy now has 4.3 months of inventory, up from 3.1 in January 2024, reaching a more balanced market. Rising price points have kept sales from the breakneck pace we’d typically assume from the high demand for our market, which makes preparing, pricing and positioning your home to be “best in class” even more important. Done correctly, you want to be negotiating on offers for the best possible terms, instead of overpricing and needing to face multiple price reductions, often leaving buyers wondering what’s wrong. Strategic planning is always a good idea—especially so in our current market. 

Median Sale Price Slight Decrease  

In January, the median sale price was $336,500, down 2.4% from $345,000 last January. Even with the number of homes listed for sale going up, median price is relatively steady, which speaks to the volume of demand. As interest rates fluctuate and buyer competition continues to rise, having a strategic plan for positioning your home as best as possible and working with an expert negotiator can make navigating the market chaos and transaction curveballs much smoother. 

 As a homeowner, what does this mean for you? 

 If you’re thinking about selling in the next 12 months, now is the time to start preparing for market. 

 When you work with me, I make it a point to ensure that you feel comfortable and confident throughout your entire home sale. You want to feel certain that you have an agent who can calmly and proactively address any concerns that can show up during your home sale. To make sure we maximize your results, I will determine how best to prepare your home to increase its value to buyers and competitively price and position it on the market. 

 My commitment to excellence, creative problem-solving, and strategic negotiations are just a few reasons why my clients have trusted me with over $25 million sold in the Katy area. My process works, and I make it a seamless, simple experience for you. 

 If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816 

 We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market. 

Call Today →225-368-5816

Cameron Balkom REALTOR
License # 0722810
Coldwell Banker Realty
cameronbalkom.sites.cbmoxi.com/
Cameron.balkom@cbrealty.com
225-368-5816 

 Katy Market Highlights 

Single-Family Home Stats 

January 2024 vs. January 2025

Analysis 

Median Sale Price 

↓ Down 2.4% 

Median sales price is now at $336,500 down 2.1% from $345,500 in January 2024. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible. 

Median Days on Market 

↓ 7 days

Median days on market down, at 28 in January the current high demand and low supply market are still holding strong for those who price strategically. 

Sale-to-List Price Ratio 

Steady

From 97.0% in January 2024 to 97.1% in January 2025, we are seeing a slight decrease likely due to some aggressive overpricing the market couldn’t sustain, resulting in price reductions and more time on the market. That’s exactly why having a strategic plan is so important. 

Price per Square Foot 

↑ Up 6.5% 

Demand in Katy is on the rise, and price per square foot is now at $181/sq. ft. as of the end of January this year, as compared to $170/sq. ft. in 2024. This number has continued to inch up even with the pressures from inventory and demand, making it even more important to strike a balance when listing. 

Months of Inventory 

 ↑ Up 1.2 months 

We were at 3.1 in January 2024, compared to 4.3 at the end of January 2025—as inventory levels rise, we will likely see days on market increase, making a strategic plan even more valuable for homeowners who want a more predictable path forward when selling. 

Source: Houston Association of Realtors. 

 Looking Ahead

Here’s what we’ll be watching over the coming months: 

  1. Interest rates dropping or rising?

 While mortgage rates are expected to remain elevated for the foreseeable future, home prices are projected to rise at a more moderate pace in 2025. This means buyers in Katy might have a bit more breathing room with fewer bidding wars, but competition will still be present. Whether rates dip or not, demand for homes in Katy remains strong, and inventory is gradually improving. Sellers should note that the market is stabilizing, so pricing your home correctly is key, as home values continue to appreciate, but not at the rapid rates seen in the past few years. 

  1. Pricing and Positioning to Sell Successfully (Even in a Changing Market)

 The market is shifting. Rates are elevated, prices are inching upward, and inventory is slowly improving. In this unpredictable environment, it’s essential to have a strategy in place that positions your home for success. With the right pricing and positioning, your home can stand out among the competition. As your trusted agent, my goal is to help you navigate the complexities of the market and create a plan that showcases your home in its best light, maximizing your potential return. 

  1. What to Expect When Selling Your Home

 The real estate market is always shifting, but with the right preparation, you can sell with confidence. A solid marketing strategy, keen pricing insight, and expert negotiation skills are essential to ensure you get the best terms possible. Selling your home is one of the largest financial decisions you’ll make, and having an experienced guide by your side is critical to achieving success, no matter what the market is doing. 

 If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816 

 

January

/in /by

Dear Neighbor,

When you’re thinking about selling to simplify life and capitalize on the equity you’ve built, you know it’s a big decision. There is a lot at stake when selling your longtime home, so of course you deserve expert guidance while preparing to sell what is likely one of your largest assets.

You’ve worked hard to build equity in your home, and you want to fully understand the value of your assets in today’s real estate market. Here are the top three things you need to know about our current real estate market in Katy, Texas:

Interest Rates Stayed Elevated

Interest rates stayed elevated through the end of the year, and most are expecting them to continue this trend. What does this mean for you as a homeowner thinking of selling? A strategic plan for positioning your home to be “best in class” will always be the winning strategy. We anticipate buyer competition to continue to go up as buyers who were sitting on the fence jump back into the market. Weighing the pros and cons of carrying costs for your current home, values of your new property, and your own life timeline are exactly why having a strategic guide is so important so you can get the best possible terms for

The Number of Homes for Sale is Approaching a Balanced Market

Katy now has 3.4 months of inventory, up from 2.7 in December 2023, reaching a more balanced market. Rising price points have kept sales from the breakneck pace we’d typically assume from the high demand for our market, which makes preparing, pricing and positioning your home to be “best in class” even more important. Done correctly, you want to be negotiating on offers for the best possible terms, instead of overpricing and needing to face multiple price reductions, often leaving buyers wondering what’s wrong. Strategic planning is always a good idea—especially so in our current market.

Median Sale Price Slight Decrease

In December, the median sale price was $373,490, down 2.1% from $365,500 last December. Even with the number of homes listed for sale going up, median price is relatively steady, which speaks to the volume of demand. As interest rates fluctuate and buyer competition continues to rise, having a strategic plan for positioning your home as best as possible and working with an expert negotiator can make navigating the market chaos and transaction curveballs much smoother.

As a homeowner, what does this mean for you?

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.

When you work with me, I make it a point to ensure that you feel comfortable and confident throughout your entire home sale. You want to feel certain that you have an agent who can calmly and proactively address any concerns that can show up during your home sale. To make sure we maximize your results, I will determine how best to prepare your home to increase its value to buyers and competitively price and position it on the market.

My commitment to excellence, creative problem-solving, and strategic negotiations are just a few reasons why my clients have trusted me with over $25 million sold in the Katy area. My process works, and I make it a seamless, simple experience for you.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816

We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market.

Call Today → 225-368-5816

Cameron Balkom REALTOR
License # 0722810
Coldwell Banker Realty
cameronbalkom.sites.cbmoxi.com/
Cameron.balkom@cbrealty.com
225-368-5816

Katy Market Highlights

Single-Family Home Stats December 2023 vs. December 2024 Analysis
Median Sale Price ↓ Down 2.1% Median sale price is now at $365,500 down 2.1% from $373,490 in December 2023. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible.
Median Days on Market ↑ 3 days Median days on market is up but still low, at 29 in December—the current high demand and low supply market are still holding strong for those who price strategically.
Sale-to-List Price Ratio ↓ Down 0.3% From 96.7% in December 2023 to 96.4% in December 2024, we are seeing a slight decrease likely due to some aggressive overpricing the market couldn’t sustain, resulting in price reductions and more time on the market. That’s exactly why having a strategic plan is so important.
Price per Square Foot ↑ Up 5.3% Demand in Katy is on the rise, and price per square foot is now at $176/sq. ft. as of the end of December this year, as compared to $167/sq. ft. in 2023. This number has continued to inch up even with the pressures from inventory and demand, making it even more important to strike a balance when listing.
Months of Inventory ↑ Up 0.7 months We were at 2.7 in December 2023, compared to 3.4 at the end of December 2024—as inventory levels rise to a more balanced market, we will likely see days on market increase, making a strategic plan even more valuable for homeowners who want a more predictable path forward when selling.

Source: Houston Association of Realtors.

Looking Ahead

Here’s what we’ll be watching over the coming months:

  1. Interest rates dropping or rising?

While mortgage rates are expected to remain elevated for the foreseeable future, home prices are projected to rise at a more moderate pace in 2025. This means buyers in Katy might have a bit more breathing room with fewer bidding wars, but competition will still be present. Whether rates dip or not, demand for homes in Katy remains strong, and inventory is gradually improving. Sellers should note that the market is stabilizing, so pricing your home correctly is key, as home values continue to appreciate—but not at the rapid rates seen in the past few years.

  1. Pricing and Positioning to Sell Successfully (Even in a Changing Market)

The market is shifting. Rates are elevated, prices are inching upward, and inventory is slowly improving. In this unpredictable environment, it’s essential to have a strategy in place that positions your home for success. With the right pricing and positioning, your home can stand out among the competition. As your trusted agent, my goal is to help you navigate the complexities of the market and create a plan that showcases your home in its best light—maximizing your potential return.

  1. What to Expect When Selling Your Home

The real estate market is always shifting, but with the right preparation, you can sell with confidence. A solid marketing strategy, keen pricing insight, and expert negotiation skills are essential to ensure you get the best terms possible. Selling your home is one of the largest financial decisions you’ll make, and having an experienced guide by your side is critical to achieving success—no matter what the market is doing.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816

December

/in /by

Dear Neighbor,

When you’re thinking about selling to simplify life and capitalize on the equity you’ve built, you know it’s a big decision. There is a lot at stake when selling your longtime home, so of course you deserve expert guidance while preparing to sell what is likely one of your largest assets.

You’ve worked hard to build equity in your home, and you want to fully understand the value of your assets in today’s real estate market. Here are the top three things you need to know about our current real estate market in Katy, Texas:

Interest Rates Continue to Fluctuate …. Competition is Expected to Increase.

Interest rates continue to fluctuate as we approach the end of the year. What does this mean for you as a homeowner thinking of selling? A strategic plan for positioning your home to be “best in class” will always be the winning strategy. We anticipate buyer competition to continue to go up as buyers who were sitting on the fence jump back into the market. Weighing the pros and cons of carrying costs for your current home, values of your new property, and your own life timeline are exactly why having a strategic guide is so important so you can get the best possible terms for

The Number of Homes for Sale is Approaching a Balanced Market

Katy now has 3.4 months of inventory, up from 3.3 in November 2023, reaching a more balanced market. Rising price points have kept sales from the breakneck pace we’d typically assume from the high demand for our market, which makes preparing, pricing and positioning your home to be “best in class” even more important. Done correctly, you want to be negotiating on offers for the best possible terms, instead of overpricing and needing to face multiple price reductions, often leaving buyers wondering what’s wrong. Strategic planning is always a good idea—especially so in our current market.

Median Sale Price is Steady.

In November, the median sale price was $345,000, down 0.9 % from $348,210 last November. Even with the number of homes listed for sale going up, median price is holding steady, which speaks to the volume of demand. As interest rates fluctuate and buyer competition continues to rise, having a strategic plan for positioning your home as best as possible and working with an expert negotiator can make navigating the market chaos and transaction curveballs much smoother.

As a homeowner, what does this mean for you?

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.

When you work with me, I make it a point to ensure that you feel comfortable and confident throughout your entire home sale. You want to feel certain that you have an agent who can calmly and proactively address any concerns that can show up during your home sale. To make sure we maximize your results, I will determine how best to prepare your home to increase its value to buyers and competitively price and position it on the market.

My commitment to excellence, creative problem-solving, and strategic negotiations are just a few reasons why my clients have trusted me with over $20 million sold in the Katy area. My process works, and I make it a seamless, simple experience for you.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816

We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market.

Call Today → 225-368-5816

Cameron Balkom REALTOR
License # 0722810
Coldwell Banker Realty
cameronbalkom.sites.cbmoxi.com/
Cameron.balkom@cbrealty.com
225-368-5816

Katy Market Highlights

Single-Family Home Stats November 2023 vs. November 2024 Analysis
Median Sale Price ↓ Down 0.9% Median sale price is now at $345,000 down 0.9% from $348,210 in November 2023. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible.
Median Days on Market ↑ 4 days Median days on market is up but still low, at 24 in November—the current high demand and low supply market are still holding strong for those who price strategically.
Sale-to-List Price Ratio ↓ Down 0.7% From 96.3% in November 2023 to 95.6% in November 2024, we are seeing a slight decrease likely due to some aggressive overpricing the market couldn’t sustain, resulting in price reductions and more time on the market. That’s exactly why having a strategic plan is so important.
Price per Square Foot ↑ Up 8% Demand in Katy is on the rise, and price per square foot is now at $186/sq. ft. as of the end of November this year, as compared to $172/sq. ft. in 2023. This number has continued to inch up even with the pressures from inventory and demand, making it even more important to strike a balance when listing.
Months of Inventory ↑ Up 0.2 months We were at 3.2 in November 2023, compared to 3.4 at the end of November 2024—as inventory levels rise to a more balanced market, we will likely see days on market increase, making a strategic plan even more valuable for homeowners who want a more predictable path forward when selling.

Source: Houston Association of Realtors.

Looking Ahead

Here’s what we’ll be watching over the coming months:

  1. Interest Rates Dropping?

In the past few weeks, interest rates have been in flux, and some expect them to lower at the beginning of the new year. If it does, I anticipate that buyers who have been sitting on the fence will want to jump back into the market…increasing competition. And even if it doesn’t, demand in Katy has remained high even with rising prices and a bump in inventory.

  1. Pricing and Positioning to Win (Even with Market Chaos)

The market is in flux—period. Rates have been up and down. Median sale price has been increasing, and even with inventory finally starting to come back up after years of very low numbers, sale prices are still inching higher. In today’s market, you need a strategic preparation, pricing and positioning plan to both play to win—and operate above the chaos with an expert guide at your side. As your go-to agent, I obviously don’t control the market, but with a strategic plan, we can position your home to be “best in class” so you can get the best possible results for your home.

  1. What to Expect When Selling Your Home

The market consistently evolves–and you deserve to sell with the best possible terms, no matter what. The right marketing strategy, pricing knowledge, and negotiation power are what make the difference when you’re ready to sell your home and embark on what may be one of the largest financial transactions of your lifetime.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816

 

November

/in /by

Dear Neighbor, 

When you’re thinking about selling to simplify life and capitalize on the equity you’ve built, you know it’s a big decision. There is a lot at stake when selling your longtime home, so of course you deserve expert guidance while preparing to sell what is likely one of your largest assets. 

You’ve worked hard to build equity in your home, and you want to fully understand the value of your assets in today’s real estate market. Here are the top three things you need to know about our current real estate market in Katy, Texas: 

Interest Rates Continue to Fluctuate …. Competition is Expected to Increase. 

 Interest rates continue to fluctuate as we approach the end of the year. What does this mean for you as a homeowner thinking of selling? A strategic plan for positioning your home to be “best in class” will always be the winning strategy. We anticipate buyer competition to continue to go up as buyers who were sitting on the fence jump back into the market. Weighing the pros and cons of carrying costs for your current home, values of your new property, and your own life timeline are exactly why having a strategic guide is so important so you can get the best possible terms for  

The Number of Homes for Sale is Approaching a Balanced Market 

 Katy now has 3.4 months of inventory, up from 3.2 in October 2023, reaching a more balanced market. Rising price points have kept sales from the breakneck pace we’d typically assume from the high demand for our market, which makes preparing, pricing and positioning your home to be “best in class” even more important. Done correctly, you want to be negotiating on offers for the best possible terms, instead of overpricing and needing to face multiple price reductions, often leaving buyers wondering what’s wrong. Strategic planning is always a good idea—especially so in our current market. 

Median Sale Price is Up.  

 In October, the median sale price was $373,370, up 2.9% from $362,990 last October. Even with the number of homes listed for sale going up, median price is still increasing, which speaks to the volume of demand. As interest rates fluctuate and buyer competition continues to rise, having a strategic plan for positioning your home as best as possible and working with an expert negotiator can make navigating the market chaos and transaction curveballs much smoother. 

 As a homeowner, what does this mean for you? 

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market. 

When you work with me, I make it a point to ensure that you feel comfortable and confident throughout your entire home sale. You want to feel certain that you have an agent who can calmly and proactively address any concerns that can show up during your home sale. To make sure we maximize your results, I will determine how best to prepare your home to increase its value to buyers and competitively price and position it on the market. 

My commitment to excellence, creative problem-solving, and strategic negotiations are just a few reasons why my clients have trusted me with over $20 million sold in the Katy area. My process works, and I make it a seamless, simple experience for you. 

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816 

 We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market. 

Call Today → 225-368-5816 

Cameron Balkom REALTOR
License # 0722810
Coldwell Banker Realty
cameronbalkom.sites.cbmoxi.com/
Cameron.balkom@cbrealty.com
225-368-5816 

Katy Market Highlights

Single-Family Home Stats 

October 2023 vs. October 2024 

Analysis 

Median Sale Price 

↑ Up 2.9%

Median sale price is now at $373,370 up 2.9% from $362,990 in October 2023. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible. 

Median Days on Market 

↑ 6 days

Median days on market is up but still low, at 27 in October—the current high demand and low supply market are still holding strong for those who price strategically. 

Sale-to-List Price Ratio 

↓ Down 0.6%

From 97% in October 2023 to 96.4% in October 2024, we are seeing a slight decrease likely due to some aggressive overpricing the market couldn’t sustain, resulting in price reductions and more time on the market. That’s exactly why having a strategic plan is so important. 

Price per Square Foot 

↑ Up 4%

Demand in Katy is on the rise, and price per square foot is now at $174/sq. ft. as of the end of October this year, as compared to $167/sq. ft. in 2023. This number has continued to inch up even with the pressures from inventory and demand, making it even more important to strike a balance when listing. 

Months of Inventory 

 ↑ Up 0.2 months

We were at 3.2 in October 2023, compared to 3.4 at the end of October 2024—as inventory levels rise to a more balanced market, we will likely see days on market increase, making a strategic plan even more valuable for homeowners who want a more predictable path forward when selling. 

Source: Houston Association of Realtors. 

Looking Ahead 

Here’s what we’ll be watching over the coming months: 

 1. Interest Rates Dropping?

 In the past few weeks, interest rates have been in flux, and some expect them to lower at the beginning of the new year. If it does, I anticipate that buyers who have been sitting on the fence will want to jump back into the market…increasing competition. And even if it doesn’t, demand in Katy has remained high even with rising prices and a bump in inventory.  

2. Pricing and Positioning to Win (Even with Market Chaos)

The market is in flux—period. Rates have been up, now they have started coming down. Median sale price has been increasing, and even with inventory finally starting to come back up after years of very low numbers, sale prices are still inching higher. In today’s market, you need a strategic preparation, pricing and positioning plan to both play to win—and operate above the chaos with an expert guide at your side. As your go-to agent, I obviously don’t control the market, but with a strategic plan, we can position your home to be “best in class” so you can get the best possible results for your home. 

3. What to Expect When Selling Your Home

The market consistently evolves–and you deserve to sell with the best possible terms, no matter what. The right marketing strategy, pricing knowledge, and negotiation power are what make the difference when you’re ready to sell your home and embark on what may be one of the largest financial transactions of your lifetime.  

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816 

 

September

/in /by

Dear Neighbor,

When you’re thinking about selling to simplify life and capitalize on the equity you’ve built, you know it’s a big decision. There is a lot at stake when selling your longtime home, so of course you deserve expert guidance while preparing to sell what is likely one of your largest assets.

You’ve worked hard to build equity in your home, and you want to fully understand the value of your assets in today’s real estate market. Here are the top three things you need to know about our current real estate market in Katy, Texas:

Interest Rates are Dropping—and Competition is Expected to Increase.

Interest rates are predicted to continue to drop as we move closer to the end of the year. What does this mean for you as a homeowner thinking of selling? A strategic plan for positioning your home to be “best in class” will always be the winning strategy. We anticipate buyer competition to go up as interest rates go down, as buyers who were sitting on the fence jump back into the market. Weighing the pros and cons of carrying costs for your current home, values of your new property, and your own life timeline are exactly why having a strategic guide is so important so you can get the best possible terms for you.

The Number of Homes for Sale is Approaching a Balanced Market

Katy now has 3.2 months of inventory, up from 2.3 in Aug 2023, reaching a more balanced market. Rising price points have kept sales from the breakneck pace we’d typically assume from the high demand for our market, which makes preparing, pricing and positioning your home to be “best in class” even more important. Done correctly, you want to be negotiating on offers for the best possible terms, instead of overpricing and needing to face multiple price reductions, often leaving buyers wondering what’s wrong. Strategic planning is always a good idea—especially so in our current market.

Median Sale Price is Steady.

In August, the median sale price was $373,995, down 1% from $380,000 last August. Even with the number of homes listed for sale going up, median price is still mostly steady, which speaks to the volume of demand. As interest rates are anticipated to fall and buyer competition is expected to go up, having a strategic plan for positioning your home as best as possible and working with an expert negotiator can make navigating the market chaos and transaction curveballs much smoother.

As a homeowner, what does this mean for you?

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.

When you work with me, I make it a point to ensure that you feel comfortable and confident throughout your entire home sale. You want to feel certain that you have an agent who can calmly and proactively address any concerns that can show up during your home sale. To make sure we maximize your results, I will determine how best to prepare your home to increase its value to buyers and competitively price and position it on the market.

My commitment to excellence, creative problem-solving, and strategic negotiations are just a few reasons why my clients have trusted me with over $20 million sold in the Katy area. My process works, and I make it a seamless, simple experience for you.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816

We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market.

Call Today → 225-368-5816

Cameron Balkom REALTOR
License # 0722810
Coldwell Banker Realty
cameronbalkom.sites.cbmoxi.com/
Cameron.balkom@cbrealty.com
225-368-5816

Katy Market Highlights

Single-Family Home Stats August 2023 vs. August 2024 Analysis
Median Sale Price ↓ Down 1% Median sale price is now at $373,995 slightly down 1% from $380,000 in August 2023. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible.
Median Days on Market ↑ 6 days Median days on market is up but still exceptionally low, at 19 in August—the current high demand and low supply market are still holding strong for those who price strategically.
Sale-to-List Price Ratio ↓ Down 1% From 98% in August 2023 to 96.7% in August 2024, we are seeing a slight decrease likely due to some aggressive overpricing the market couldn’t sustain, resulting in price reductions and more time on the market. That’s exactly why having a strategic plan is so important.
Price per Square Foot ↑ Up .5% Demand in Katy is on the rise, and price per square foot is now at $173/sq. ft. as of the end of August this year, as compared to $172/sq. ft. in 2023. This number has continued to inch up even with the pressures from inventory and demand, making it even more important to strike a balance when listing.
Months of Inventory ↑ Up 0.9 months We were at 2.3 in August 2023, compared to 3.2 at the end of August 2024—as inventory levels rise to a more balanced market, we will likely see days on market increase, making a strategic plan even more valuable for homeowners who want a more predictable path forward when selling.

Source: Houston Association of Realtors.

Looking Ahead

Here’s what we’ll be watching over the coming months:

  1. Interest Rates Dropping?

In the past few weeks, interest rates have been decreasing, and some expect this trend to continue. If it does, I anticipate that buyers who have been sitting on the fence will want to jump back into the market…increasing competition. And even if it doesn’t, demand in Katy has remained high even with rising prices and a bump in inventory.

  1. Pricing and Positioning to Win (Even with Market Chaos)

The market is in flux—period. Rates have been up, now they have started coming down. Median sale price has been increasing, and even with inventory finally starting to come back up after years of very low numbers, sale prices are still inching higher. In today’s market, you need a strategic preparation, pricing and positioning plan to both play to win—and operate above the chaos with an expert guide at your side. As your go-to agent, I obviously don’t control the market, but with a strategic plan, we can position your home to be “best in class” so you can get the best possible results for your home.

3. What to Expect When Selling Your Home

The market consistently evolves–and you deserve to sell with the best possible terms, no matter what. The right marketing strategy, pricing knowledge, and negotiation power are what make the difference when you’re ready to sell your home and embark on what may be one of the largest financial transactions of your lifetime.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 225-368-5816