16420 Farmhouse LN, Elgin TX 78621

Based on 4 closed sales in HOMESTEAD ESTATES, the data points to a value around $344,498 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $294,000 to $304,000. This home's position in the current HOMESTEAD ESTATES market: the 3rd most expensive of 5 comparable homes on the market among comparable properties. Lot size matters here: 0.19 acres versus 0.16 for the typical comp. The active market in HOMESTEAD ESTATES includes 5 comparable homes priced from $289,900 to $399,990. Market data shows HOMESTEAD ESTATES prices fallen 1% over the last half year. The closest comparable sale, 18304 Speculator LN, Elgin TX 78621 at an adjusted $300,551, is with a smaller floor plan. 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