723 GRACE LN, Fredericksburg TX 78624

Based on 7 closed sales in 78624, the data points to a value around $847,200 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $929,000 to $1,483,000. This pricing would rank the home as the most affordable of 2 comparable homes on the market in 78624's current inventory. The 256 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 0.27 acres versus 0.24 for the typical comp. The active market in 78624 includes 2 comparable homes priced from $1,375,000 to $2,095,000. Market data shows 78624 prices fallen 9.8% over the last half year. The closest comparable sale, 718 GRACE LN, Fredericksburg TX 78624 at an adjusted $479,700, is a strong comparable. This estimate draws on 7 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