1117 E Elm Ave, Temple TX 76501

Based on 7 closed sales in 76501, the data points to a value around $221,910 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $242,000 to $243,000. This home's position in the current 76501 market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (234 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2019 (52 years newer than comps) is factored into the value estimate. There are currently 7 similar homes on the market in 76501, ranging from $222,965 to $269,735. Market data shows 76501 prices fallen 7.2% over the last half year. The closest comparable sale, 817 N 8th ST, Temple TX 76501 at an adjusted $146,868, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 76501. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group