How Days on Market is Affected by Price Range & School District in Katy TX

A common question real estate agents everywhere hear is “How long will it take my home to sell?” The answer to this question varies by many factors such as the location of the home, the condition of the home, the layout of the home, etc. However, one of the biggest generic factors that influence days on the market – otherwise known as DOM – is the price point of the home. Though there are exceptions, in general, the more expensive the home, the longer the DOM it has.

Median Katy DOM by Price Point

The data below was compiled from HAR MLS data for the last 365 days (as of July 29, 2018) and uses the Median data provided for each data point. The data includes sold homes only where Katy is the city listed for the home’s postal address.
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Median Katy DOM by School District & Price Point

Quick fact – not all homes with a Katy postal address are zoned to Katy ISD, and not all homes zoned to Katy ISD have a Katy postal address. So how much of a median DOM difference is there for homes in Katy and zoned to the Katy ISD school district vs. those that are in Katy, but zoned to a different school district?

The data below was compiled from HAR MLS data for the last 365 days (as of July 29, 2018) and uses the Median data provided for each data point. The data includes sold homes only where Katy is the city listed for the home’s postal address and is segmented based on the school district to which the home is zoned.
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Note – there were no sold homes over the $500,000 mark that were not zoned to Katy ISD, but had a Katy postal address.

Getting More Granular

The data below was compiled from HAR MLS data for the last 365 days (as of July 29, 2018) and uses the Median data provided for each data point aside from the number of listings.

DOM stands for Days on Market and only includes the information for the current listing of the property in the MLS. CDOM stands for Cumulative Days on Market. It represents all MLS listing activity for a specific property (including past sales).

SP/OLP% stands for sales price vs. the original list price for the most recent listing and sale of the property. If a home was initially listed for $100,000 and sold for $99,000, then the SP/OLP% would be 99%.

Median DOM for all of Katy regardless of school district

The data below was compiled from HAR MLS data for the last 365 days (as of July 29, 2018) and uses the Median data provided for each data point aside from the number of listings. The data includes sold homes only where Katy is the city listed for the home’s postal address – regardless of its zoned school district.

Median DOM for all of Katy & KISD ONLY

The data below was compiled from HAR MLS data for the last 365 days (as of July 29, 2018) and uses the Median data provided for each data point aside from the number of listings. The data includes sold homes only where Katy is the city listed for the home’s postal address, and the home is also zoned to Katy ISD.

Median DOM for all of Katy & OUTSIDE KISD ONLY

The data below was compiled from HAR MLS data for the last 365 days (as of July 29, 2018) and uses the Median data provided for each data point aside from the number of listings. The data includes sold homes only where Katy is the city listed for the home’s postal address, and the home is NOT zoned to Katy ISD, but rather to another school district.

Firethorne- Katy ISD vs. Outside Katy ISD

Perhaps one of the most apples to apples comparisons possible of the difference in DOM between homes in Katy being zoned to Katy ISD or another district can be found in Firethorne. All of Firethorne has a Katy postal address, but some of it is zoned to Katy ISD while other portions of the development are zoned to a different school district.

The data below was compiled from HAR MLS data for the last 365 days (as of July 29, 2018) and uses the Median data provided for each data point aside from the number of listings. The data includes sold homes only where Katy is the city listed for the home’s postal address, and Firethorne is listed as the subdivision the home is within. The data is then further segmented to separate homes by the zoned school district.

Katy vs. Surrounding Areas

So how does the Katy market fare when compared to other surrounding areas concerning DOM? The data below was compiled from HAR MLS data for the last 365 days (as of July 29, 2018) and uses the Median data provided for each data point. The data includes sold homes only and is not segmented by school districts.
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There’s no doubt about it. The Katy area is in demand.