617 Wells ST, Lexington TX 78947

Based on 7 closed sales in 78947, the data points to a value around $288,734 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $185,000 to $195,000. This home's position in the current 78947 market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. The 190 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 0.34 acres versus 0.84 for the typical comp. Buyers in 78947 have 7 comparable options right now, with asking prices between $174,999 and $375,000. Market data shows 78947 prices fallen 0.8% over the last half year. The closest comparable sale, 221 Hester ST, Lexington TX 78947 at an adjusted $342,201, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in 78947. 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