195 MURCHISON DR, Cedar Creek TX 78612

Based on 7 closed sales in 78612, the data points to a value around $496,388 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $481,000 to $511,000. Relative to what's currently available in 78612, this home would be below the only comparable home currently on the market. At 779 sqft larger than the typical comp, the size difference factors into the valuation. Lot size matters here: 1.05 acres versus 1.46 for the typical comp. The active market in 78612 includes 1 comparable homes priced from $795,000 to $795,000. Market data shows 78612 prices fallen 4.6% over the last half year. The closest comparable sale, 177 BILLINGSLEY HTS, Cedar Creek TX 78612 at an adjusted $505,350, is with a smaller floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus