Before COVID, Katy was one of the fastest-growing suburbs in Texas, but since COVID, it has exploded. With less than 100 homes on the market, inventory is at an all-time low, and prices are at an all-time high.
If a house is in good condition and priced well in Katy, it will not only receive multiple offers in the first few days, buyers are willing to pay up to 20% above the list price.
So why is Katy so appealing for homebuyers? Energy Realty has been selling homes in Katy for over 10 years, and it has been a prime community for oil & gas employees for its proximity to the Energy Corridor. For years, homebuyers could purchase a home in Katy for about $100,000 less than the Energy Corridor.
However, since COVID, the appeal of living in the suburbs has reversed Katy’s pricing, and homes are now often selling at a higher price in the Energy Corridor. Below are my top 5 reasons why Katy is one of the best suburban communities in Houston:
Top Schools in Houston—Katy ISD offers some of the top public schools in Houston and unlike some other suburbs, the ratings are consistent across the neighborhoods. You rarely find a home in Katy zoned to a bad school.
Diversity and Culture—With its close proximity to the Energy Corridor, Katy is one of the most diverse communities in Houston. Many oil & gas employees choose to live in Katy, so you can meet and mingle with people from around the world.
Parks and Recreation—Katy is home to multiple parks that encompass the natural terrain of Houston, including George Bush Park, so residents have access to multiple hike and bike trails as well as parks for kids to play. Katy is also home to Typhoon Texas, one of the largest water parks in Houston.
Fun and Flavorful Dining—In addition to world class dining and shopping at La Centerra, Katy is now home of Houston’s second Asia Town. You can find some of the top Asian restaurants and grocery store in Katy now!
Best Hospital and Medical Care—You no longer need to drive downtown to the Medical Center to find the best medical care in Houston. Katy is home to the Westside Medical Center, and you can find Children’s Hospital, Methodist, St. Luke’s, and Memorial Hermann– all the top medical centers in Texas!
Energy Realty is pleased to announce our upcoming expansion into the Katy market so we can continue to offer top-notch real estate services in a more localized format. Stay tuned for more news on our latest location!
By Sherry Campbell