801 Red Oak, Liberty Hill TX 78642

The market data from 7 similar recent sales in 78642 points to a value of approximately $494,067. To sell within a reasonable timeframe at fair market value, the $544,000 to $549,000 range is where I'd position this. Among the similar homes currently available in 78642, this price point stands out as competitive. The 1994 construction puts this home 20 years older than the comp average, a factor in the pricing. At 9.66 acres, the lot is larger than the 1.08 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in 78642; a buyer's market based on recent absorption. In 78642, home values have fallen approximately 5% over the past 6 months. One of the strongest data points is 121 Arabian Ave, Liberty Hill TX 78642, adjusting to $783,231; a strong comparable. The 7 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