706 N Madison ST, Giddings TX 78942

The market data from 7 similar recent sales in 78942 points to a value of approximately $132,466. To sell within a reasonable timeframe at fair market value, the $149,000 to $157,000 range is where I'd position this. With 2 comparable homes on the market in 78942, this price positions the property as the most expensive of 2 comparable homes on the market. This home's smaller footprint (171 sqft vs the comp average) plays a role in how the market prices it. At 0.13 acres, the lot is smaller than the 0.30 acre comp average, which factors into pricing. Current inventory shows 2 comparable homes in 78942; a buyer's market based on recent absorption. In 78942, home values have fallen approximately 8.6% over the past 6 months. One of the strongest data points is 875 E Brenham ST, Giddings TX 78942, adjusting to $149,231; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group