128 Forest DR, Elgin TX 78621

Based on 3 closed sales in CEDAR HILLS, the data points to a value around $511,507 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $366,000 to $376,000. Relative to what's currently available in CEDAR HILLS, this home would be the 3rd least expensive of 6 comparable homes on the market. Lot size matters here: 1.53 acres versus 1.07 for the typical comp. The active market in CEDAR HILLS includes 6 comparable homes priced from $345,000 to $574,900. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, 128 Pin Oak XING, Elgin TX 78621 at an adjusted $465,683, is with a larger floor plan. The strength of this estimate comes from 3 directly comparable sales in CEDAR HILLS. 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