Based on 7 closed sales in 78642, the data points to a value around $572,572 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $373,000 to $383,000. This home's position in the current 78642 market: the most expensive of 4 comparable homes on the market among comparable properties. The smaller floor plan (192 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2001 (7 years newer than comps) is factored into the value estimate. With 4 similar homes currently listed in 78642 (a buyer's market), competition is a factor to consider. Market data shows 78642 prices fallen 4.5% over the last half year. The closest comparable sale, 108 Polo Pony, Liberty Hill TX 78642 at an adjusted $485,130, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in 78642. 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
