Here is the November 2026 update on the Katy housing market, with each figure sourced, dated and tied to a specific geography. The newest complete sales data is for September 2026, and it shows prices that have eased year over year while still holding most of their recent gains: Katy's median sale price runs roughly $335,000 to $370,000 depending on the source, homes spend about 40 to 60 days on market, and the 30-year fixed mortgage rate fell to 7.24% in the week ending October 29, 2026. For Sunterra buyers the ZIP split matters most: 77493, where this waterfront home sits, trends lower, while 77494 trends higher, and that gap is the single most useful number to know before you compare listings.
What is the Katy housing market doing in November 2026?
November's own sales figures will not be published until early December, so the newest complete monthly data is September 2026, with the first October signals starting to appear. Treat every median below as source-specific: Katy's published medians differ by provider because each one measures a slightly different geography (city limits versus greater Katy versus ZIP code) and a slightly different window (a full month versus a trailing 30 days).
The practical takeaway is consistent across every source. Prices have eased year over year in most measured slices, homes sit on the market longer than they did in 2022 and 2023, and sellers are adjusting asking prices, which shows up in real list-price changes across the area rather than in theory.
Katy home prices: what the latest published figures show
HAR.com's Katy price trends for September 2026 report an average sale price of $446,480, a median sale price of $370,000, and about 41 days on market. Redfin's Katy city figures for the three months ending September 2026 put the median sale price at $342,000, up a modest 0.5% year over year, with homes selling in about 51 days. Zillow's Katy market page, as of September 30, 2026, shows an average home value of $330,372 (down 3.2% year over year), a median sale price of $335,500 for August 2026, a median list price of $359,667, and homes going pending in about 48 days.
None of these sources disagrees about the direction. Katy is not the booming market of a few years ago, and it is not crashing either. Medians in the high-$330,000s to $370,000 with selling times around a month and a half describe a normal, two-sided market where buyers have room to negotiate and serious sellers price to current data.
The Katy ZIPs that matter for Sunterra buyers: 77493 and 77494
137 Eliana Shores Dr sits in ZIP 77493, where Redfin's figures for the three months ending June 2026 (the latest ZIP-level release it shows) put the median sale price at $341,000, up 3.3% year over year, with about 55 days on market. Zillow's July 31, 2026 estimate placed the average home value there at $342,654, down 4.1% year over year. In short, the 77493 market revolves around the mid-$300,000s.
The site's market snapshot page uses ZIP 77494 and greater Katy as reference markets, because Sunterra itself does not publish community-level sales data, and 77494 is the useful upper reference. HAR.com's 77494 figures for August 2026 show a median sale price of $515,000, an average sale price of $567,645, 104 transactions and 22.5 average days on market. Redfin's 77494 median of $448,000 (down 8.1% year over year) comes with about $167 per square foot and roughly 62 days on market. The gap between the two ZIPs explains a lot of Katy search confusion: a $375,000 budget is a strong position in 77493 and a modest one in 77494.
Mortgage rates: 7.24% and easing, which changes the monthly math
Freddie Mac's Primary Mortgage Market Survey put the average 30-year fixed mortgage rate at 7.24% for the week ending Thursday, October 29, 2026, down from 7.40% in mid-October (the October 8 and October 15 readings) and 7.32% the week before. It is the lowest weekly reading in the past month, and the next survey was scheduled to be released November 5, 2026.
Rate moves of a few tenths of a point matter more at $349,900 than at $200,000, so the practical habits are to lock when you have an accepted offer rather than before, and to compare APRs rather than headline rates. Financing a purchase at current rates is worked line by line in this site's cost-of-ownership guide, which builds a full monthly budget at this exact price point.
What the numbers mean for a $349,900 waterfront home in 77493
Context from this address: 137 Eliana Shores Dr, the one-story 4-bedroom, 3-bath, 1,885-square-foot waterfront home this site covers, was first listed at $379,000 on July 11, 2026 and reduced to $349,900 on August 31, 2026, where it remains, active and available for private showings.
That works out to about $186 per square foot, above the roughly $160-per-square-foot 12-month median that ZachRe Group compiles for 77493 as a whole. That spread is the normal shape of this market: a lakefront lot and a 2022 build carry a premium over the ZIP median, and the asking price, $29,100 below the original list, has already been reset to the September conditions described above. It is the kind of price adjustment the data says buyers should expect to see this fall, waterfront or not.
Is now a good time to buy in Katy, or should you wait?
Honest answer: nobody can promise that next month's market will be better or worse, and the current balance is close to what buyers usually hope for. Prices have eased year over year in most measured slices of Katy, homes are taking 40 to 60 days to sell instead of a week or two, sellers are adjusting prices in plain sight, and the headline 30-year fixed rate has ticked down from 7.40% to 7.24% over the past three weeks. None of that is a guarantee of future prices; it is simply the current setup, and the current setup favors buyers who are ready.
The parts of the Katy budget that timing does not fix are the ones this site keeps pointing back to: property taxes, insurance in a hail and wind market, and HOA fees. The cost-of-ownership guide works those numbers line by line at $349,900, and the step-by-step buying guide covers the offer, the option period and inspections. Read both before you tour, and bring today's numbers with you rather than last year's.
Get current Sunterra and 77493 market numbers for your search
Every figure above is a published snapshot, and snapshots age quickly in a market that is adjusting. Carol Jukes, Broker/Owner of Realty Pros of Texas, works this market daily and can pull current active listings, recent sales and price-per-square-foot data for Sunterra, 77493 and 77494 for your exact floor plan and budget, and she can set up a private showing of 137 Eliana Shores Dr so you can see how a $349,900 waterfront lot compares in person.
Call (832) 212-2772 or send a message through the contact page.