1021 Cherry ST, New Braunfels TX 78132

Based on 7 closed sales in 78132, the data points to a value around $486,002 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $629,000 to $859,000. This would position the home competitively among 3 active listings in 78132. Being built in 1978 (21 years older than comps) is factored into the value estimate. Lot size matters here: 0.49 acres versus 0.61 for the typical comp. With 3 similar homes currently listed in 78132 (a buyer's market), competition is a factor to consider. Market data shows 78132 prices risen 11.5% over the last half year. The closest comparable sale, 2662 Edgegrove, Canyon Lake TX 78133 at an adjusted $538,787, 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