2631 Melbourne Ave, New Braunfels TX 78132

Based on 7 closed sales in 78132, the data points to a value around $682,755 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $419,000 to $429,000. This pricing would rank the home as the 3rd most expensive of 6 comparable homes on the market in 78132's current inventory. Being 197 sqft larger than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 0.41 acres versus 0.45 for the typical comp. Current inventory shows 6 comparable homes in 78132; a buyer's market based on recent absorption. Market data shows 78132 prices risen 13.9% over the last half year. The closest comparable sale, 2534 Rauschenbach, New Braunfels TX 78132 at an adjusted $665,617, is a strong comparable. 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