278 Lippe LN, Kyle TX 78640

Based on 5 closed sales in 78640, the data points to a value around $406,702 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $337,000 to $347,000. Relative to what's currently available in 78640, this home would be the most expensive of 2 comparable homes on the market. Being 510 sqft larger than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 1.00 acres versus 0.91 for the typical comp. The active market in 78640 includes 2 comparable homes priced from $339,990 to $367,300. Market data shows 78640 prices fallen 6.8% over the last half year. The closest comparable sale, 371 Lippe LN, Niederwald TX 78640 at an adjusted $361,200, is with a smaller floor plan. The strength of this estimate comes from 5 directly comparable sales in 78640. 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