After reviewing 7 recent transactions in 78642, I estimate this property's value at $1,144,523. A competitive list price for this home right now would fall in the $972,000 to $982,000 range. This pricing would rank the home as the 2nd least expensive of 4 comparable homes on the market in 78642's current inventory. The larger floor plan (403 sqft compared to the average comp) is a meaningful differentiator in this price range. Having a pool is a plus; 1 of the 7 comps lacked one. With 4 similar homes currently listed in 78642 (a buyer's market), competition is a factor to consider. Prices in 78642 have fallen 1.4% over the last 6 months. A similar home at 200 Little River RD, Liberty Hill TX 78642 carries an adjusted comparable value of $1,384,950, providing a strong data point. The comp data here (7 sales in 78642) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus
