The comparable sales data (7 recent transactions in 78642) supports an estimated value of $796,847. The data suggests a list price between $895,000 and $925,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in 78642, this home would be the most affordable of 2 comparable homes on the market. Being built in 2014 (5 years newer than comps) is factored into the value estimate. Lot size matters here: 10.10 acres versus 3.08 for the typical comp. Current inventory shows 2 comparable homes in 78642; a buyer's market based on recent absorption. Prices in 78642 have fallen 3.6% over the last 6 months. A similar home at 255 Glasscock RD, Liberty Hill TX 78642 carries an adjusted comparable value of $869,800, providing a strong data point. 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
