17808 Honey Locust LN, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $231,196. For a well positioned listing in ELM CREEK, I'd target the $233,000 to $241,000 range. Against 7 similar active listings in ELM CREEK, this price point lands at the 3rd most expensive of 7 comparable homes on the market. The 109 sqft size difference versus comparable sales is reflected in the adjusted values. Current inventory shows 7 comparable homes in ELM CREEK; a buyer's market based on recent absorption. Recent trends in ELM CREEK show home values have fallen 4.3% since 6 months ago. The most comparable recent sale is 17921 Basketflower BND, Elgin TX 78621, with an adjusted value of $253,977; a strong comparable. 3 comparable transactions in ELM CREEK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group