Based on 7 closed sales in 78644, the data points to a value around $354,530 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $272,000 to $282,000. Relative to what's currently available in 78644, this home would be the 2nd least expensive of 7 comparable homes on the market. This home's larger footprint (1,214 sqft vs the comp average) plays a role in how the market prices it. Being built in 1922 (33 years older than comps) is factored into the value estimate. There are currently 7 similar homes on the market in 78644, ranging from $249,900 to $599,000. Market data shows 78644 prices fallen 1.2% over the last half year. The closest comparable sale, 739 Pear ST, Lockhart TX 78644 at an adjusted $431,200, is with a smaller floor plan. 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