306 Stirrup DR, Dripping Springs TX 78620

My analysis of 4 comparable properties puts this home's estimated value at $613,582. Based on how the local market is moving, a list price between $509,000 and $519,000 would position this home well. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in 78620's current inventory. The smaller floor plan (278 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (1.02 acres versus the area average of 1.33) contributes to the valuation. Current inventory shows 7 comparable homes in 78620; a buyer's market based on recent absorption. The 6 month price trend in 78620: fallen 4.1%. The best comp here is 112 TWIN SADDLES LN, Dripping Springs TX 78620 at an adjusted value of $543,457, with a larger floor plan. The comp data here (4 sales in 78620) 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