501 Alva, Thrall TX 76578

Based on 7 closed sales in OIL CITY, the data points to a value around $248,462 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $243,000 to $253,000. Buyers shopping in OIL CITY right now would see this as a well positioned option among 3 comparable homes. Being built in 1955 (46 years older than comps) is factored into the value estimate. Lot size matters here: 0.21 acres versus 0.61 for the typical comp. With 3 similar homes currently listed in OIL CITY (a buyer's market), competition is a factor to consider. Market data shows 76578 prices risen 17.7% over the last half year. The closest comparable sale, 409 Lydia LN, Thrall TX 76578 at an adjusted $228,621, 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