18004 Majestic Elm LN, Elgin TX 78621

Based on 4 closed sales in ELM CREEK, the data points to a value around $229,423 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $187,000 to $197,000. This pricing would rank the home as the 2nd most expensive of 5 comparable homes on the market in ELM CREEK's current inventory. Current inventory shows 5 comparable homes in ELM CREEK; a buyer's market based on recent absorption. Market data shows ELM CREEK prices fallen 4.1% over the last half year. The closest comparable sale, 17900 Honey Locust LN, Elgin TX 78621 at an adjusted $221,166, is a strong comparable. The strength of this estimate comes from 4 directly comparable sales in ELM CREEK. 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