315 Reid ST, Gonzales TX 78629

Based on 7 closed sales in 78629, the data points to a value around $139,795 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $136,000 to $144,000. This home's position in the current 78629 market: below the only comparable home currently on the market among comparable properties. Being 131 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 1948 (14 years older than comps) is factored into the value estimate. Current inventory shows 1 comparable homes in 78629; a buyer's market based on recent absorption. Market data shows 78629 prices fallen 1.8% over the last half year. The closest comparable sale, 1226 Saint Matthew ST, Gonzales TX 78629 at an adjusted $97,660, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78629. 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