Houston Daily

The home at 1118 Wellshire Drive, Katy was sold on June 5 by Rick and Melissa Chapman for $352,130.

The buyer was Scott Williams.

The property tax paid for this property in 2020 was $6,458. This is 1.8% of the assessed value of the home.

This property is one of 78 sales in Katy (Fort Bend County) from May 5 to June 5.

This story was found on BlockShopper.com.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.