167 Billingsley HTS, Cedar Creek TX 78612

After reviewing 3 recent transactions in 78612, I estimate this property's value at $394,242. A competitive list price for this home right now would fall in the $420,000 to $429,000 range. Buyers shopping in 78612 right now would see this as a well positioned option among 7 comparable homes. The larger floor plan (107 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (1.00 acres versus the area average of 1.04) contributes to the valuation. Current inventory shows 7 comparable homes in 78612; a buyer's market based on recent absorption. Prices in 78612 have fallen 0.9% over the last 6 months. A similar home at 201 Murchison DR, Cedar Creek TX 78612 carries an adjusted comparable value of $388,830, providing a strong data point. The comp data here (3 sales in 78612) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus