205 Cherry DR, Lexington TX 78947

Based on 7 closed sales in 78947, the data points to a value around $265,251 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $180,000 to $190,000. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in 78947's current inventory. Being built in 1967 (28 years older than comps) is factored into the value estimate. Lot size matters here: 0.50 acres versus 0.72 for the typical comp. Right now, 7 similar properties are competing for buyers in 78947, listed between $174,999 and $349,500. Market data shows 78947 prices fallen 21.7% over the last half year. The closest comparable sale, 113 North Ave, Lexington TX 78947 at an adjusted $266,353, 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