8609 N HWY 77 Highway, Lexington TX 78947

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $195,508. To generate strong buyer interest while maximizing value, I'd price this between $274,000 and $327,000. Against 7 similar active listings in 78947, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (241 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1962 construction puts this home 8 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in 78947 (a buyer's market), competition is a factor to consider. The trend in 78947 shows prices have fallen 21.7% in the past 6 months. 113 North Ave, Lexington TX 78947 nearby adjusts to $260,066; a strong comparable. The 3 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