Based on 4 closed sales in 78620, the data points to a value around $1,228,619 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,727,000 to $1,983,000. Relative to what's currently available in 78620, this home would be the 2nd most expensive of 3 comparable homes on the market. The smaller floor plan (109 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2001 (8 years older than comps) is factored into the value estimate. With 3 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. Market data shows 78620 prices fallen 6.5% over the last half year. The closest comparable sale, 105 High Plains DR, Dripping Springs TX 78620 at an adjusted $1,061,621, is with a pool. This estimate draws on 4 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
