According to trulia.com it would appear that the housing market in Katonah is in intensive care.
"The median sales price for homes in Katonah NY for Jun 09 to Aug 09 was $666,700 based on 2 home sales. Compared to the same period one year ago, the median home sales price decreased 16.4%, or $131,048, and the number of home sales decreased 89.5%. There are currently 131 resale and new homes in Katonah on Trulia, including 3 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
The average listing price for homes for sale in Katonah NY was $1,300,606 for the week ending Sep 16, which represents a decrease of 0.4%, or $5,614, compared to the prior week."
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