What Is My Home Worth in Katy, TX? How to Get a Free CMA

Katie Curran
Aug 19
5 min read

A Comparative Market Analysis (CMA) estimates your Katy, TX home's value using recent comparable sales. Katy homes are currently selling for a median of roughly $350,000–$355,000.

Stone exterior of a single-story home in Katy, TX, representing a property evaluated with a free Comparative Market Analysis.

TL;DR:

Katis Curran with MKAT Group at Keller Williams Signature helps Katy, TX sellers understand what their home is actually worth through a free Comparative Market Analysis (CMA) — not an algorithm-generated estimate. Katy's median sale price currently sits around $350,000–$355,000, with homes moving in roughly 22–28 days in well-priced neighborhoods. A CMA differs from automated tools like a Zestimate because it relies on a real person's judgment about comparable sales, condition, and local nuance — the kind of detail an algorithm can't see. Sellers weighing a move to nearby Fulshear, Richmond, or Brookshire should know pricing looks very different in each of those markets, which makes an accurate, hyper-local CMA even more important before listing.

Katie Curran, REALTOR® and Co-Founder of MKAT Group at Keller Williams Signature, works with sellers across Katy, TX and the Greater Houston area to answer one question that comes up constantly: what is my home actually worth right now? Katy's market has shifted over the past year — prices have firmed up in some pockets while days on market have stretched in others — which makes a stale online estimate less useful than ever. This post is part of the our broader complete guide to selling your home in Katy, TX, which walks through the full process from pricing to closing.

What Is a CMA (Comparative Market Analysis) in Katy, TX?

A Comparative Market Analysis is a report, prepared by a licensed real estate agent, that estimates a home's current market value using recently sold comparable properties in the same area. In Katy, TX, that means pulling homes with similar square footage, bed/bath count, age, lot size, and condition from neighborhoods like Cinco Ranch, Cane Island, or Grand Lakes — then adjusting the price up or down based on real differences between your home and each comp. A CMA is not a legal appraisal, and it isn't the same thing as an automated online estimate.

How Is a CMA Different From a Zestimate?

A Zestimate or similar automated valuation model runs an algorithm over public tax and listing data — it never sees whether your kitchen was renovated last year, whether your lot backs up to a busy road, or whether comparable homes down the street sold with seller concessions that quietly lowered the effective price. A real CMA, prepared by an agent with current MLS access and boots-on-the-ground knowledge of Katy neighborhoods, applies human judgment to real, recent, local sales data. That's the gap that tends to matter most when a seller is setting an actual list price.

What Is the Katy, TX Housing Market Doing Right Now?

Katy's median sale price is currently running around $350,000 to $355,000, with average price per square foot in the $161–$175 range depending on the data source and month. Homes are spending a median of roughly 22 to 28 days on market in well-priced, well-located listings — though that number climbs meaningfully for homes that are priced too aggressively out of the gate. Inventory has been ticking upward over the past year, which shifts some negotiating leverage toward buyers compared to the tighter conditions of 2021–2023.

Market	Approx. Avg/Median Price	Approx. $/SqFt	Typical Pace
Katy, TX	$350K–$355K	$161–$175	~22–28 days
Fulshear, TX	$558K–$603K	$184–$196	~60–90 days
Richmond, TX (South Fort Bend)	~$366K	Varies by community	Moderate
Brookshire, TX (Waller County)	$305K–$390K	$154–$165	Moderate

How Does Katy Compare to Fulshear, Richmond, and Brookshire?

Katy sits in a middle ground on price and pace compared to its neighbors. Fulshear runs considerably higher on both average sale price and price per square foot, and homes there tend to sit on the market longer, reflecting a smaller buyer pool at that price tier. Richmond's south Fort Bend County market lands closer to Katy on price but varies more by specific community and school zoning. Brookshire, out in Waller County, tends to run slightly below Katy on median price, appealing to buyers prioritizing affordability and newer construction over commute time. For a Katy seller weighing whether to sell and relocate to one of these nearby markets, the price gap — especially with Fulshear — is worth understanding before setting expectations on either side of the transaction.

How Does Brookshire Pricing Affect Your Katy Comparison?

Brookshire tends to run slightly below Katy on median price, which can make it a useful benchmark if affordability is part of your decision-making. For a fuller picture of that market before you compare, take a look at the Brookshire, TX market guide.

Should You Compare Your Katy Home's Value to Fulshear Listings?

Not directly. Fulshear's average price point runs considerably higher than Katy's, so a straight dollar-for-dollar comparison between the two markets can skew your expectations in either direction. If you're weighing a move toward Fulshear as part of your selling decision, it's worth reviewing the Fulshear, TX market guide alongside your Katy CMA so you're comparing apples to apples on both ends of the transaction.

What Else Affects Your Final Sale Price Beyond the CMA?

A CMA sets your starting list price, but it isn't the only number that moves before closing. What comes up during a home inspection often shapes the final negotiated price just as much as the original comps - worth reviewing together before you list.

Why Does This Matter for Katy, TX Sellers Right Now?

Rising inventory in Katy means buyers have more options and more negotiating room than they did a few years ago — but it doesn't mean homes aren't selling. It means pricing accuracy matters more than it used to. A home priced using stale comps or an automated estimate that doesn't reflect the last 60–90 days of activity risks sitting on the market and eventually chasing the price down, which almost always nets a lower final sale price than pricing it correctly from day one. Sellers who get an accurate, current CMA before listing are the ones still moving efficiently in today's Katy market. If you're also weighing timing, whether it makes sense to sell now or wait is a closely related decision worth thinking through alongside your CMA.

How Do You Get a Free CMA in Katy, TX?

You can request a free, no-obligation CMA directly from Katie Curran with MKAT Group — the process typically involves a quick conversation about your home's condition and recent updates, followed by a walkthrough of comparable sales in your specific Katy neighborhood, whether that's Cinco Ranch, Grand Lakes, Cane Island, or another established or master-planned community.

Should You Get a CMA Before Talking to an Agent?

You don't need to wait — the CMA itself is typically part of the first conversation with an agent, not a separate step. Requesting one is a low-pressure way to understand your home's value even if you're several months out from listing, since it gives you a realistic baseline to plan around for timing, budgeting, or comparing against a move to a market like Fulshear or Richmond.