12312 BALLERSTEDT, Elgin TX 78621

Based on 7 closed sales in 78621, the data points to a value around $403,683 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $412,000 to $427,000. This would position the home competitively among 2 active listings in 78621. Being 1,720 sqft larger than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 3.00 acres versus 0.18 for the typical comp. Right now, 2 similar properties are competing for buyers in 78621, listed between $364,900 and $374,500. Market data shows 78621 prices fallen 4.5% over the last half year. The closest comparable sale, 11421 Runnel Ridge RD, Manor TX 78653 at an adjusted $493,955, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in 78621. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group