Katy

Heritage Grove Expansion Breaks Ground at $400M Texas Heritage Marketplace

Developers have initiated the 'Heritage Grove' phase of the 165-acre Texas Heritage Marketplace, featuring 35,000 square feet of outdoor-oriented retail and dining near I-10. Major anchors including Lowe's and Target are scheduled to open their doors in Summer and Fall 2026, respectively.

Real estate impact: The completion of a major retail hub in West Katy/Fulshear validates the westward expansion and significantly enhances the quality of life for residents in nearby communities like Jordan Ranch and Cross Creek West.

Katy Housing Market Hits Balanced Status in July 2026 with Rising Inventory

The Katy real estate market has transitioned to a balanced state as of early July 2026, with regional inventory reaching roughly 5.1 months of supply. Median home prices have stabilized at approximately $350,000, while the average time a home stays on the market has extended to 45–60 days.

Real estate impact: Increased inventory and longer days-on-market give buyers more negotiating leverage and time for due diligence, requiring sellers to be more strategic with pricing and home presentation.

Katy ISD Proposes Significant Attendance Boundary Changes for Sunterra Development

Katy ISD officials released proposed attendance boundary modifications on July 9, 2026, to address rapid population growth in the district's northwest quadrant. The proposal centers on the opening of Elementary No. 49 in the Sunterra development for the 2027-28 school year and aims to relieve overcrowding at Youngblood Elementary.

Real estate impact: School rezoning often triggers immediate shifts in buyer demand and property values for affected subdivisions; homes moved into the new, modern campus zone may see increased interest from young families.