What are homes selling for in my area ?

Talk to a local REALTOR with knowledge of your area and have them view the home in person to give you the best idea of the market trends based on the condition of your home. The online evaluators are only as good as the knowledge it has of your particular home... They do not walk through it and factor in the details of the home to see the true value. There are many factors that go into this and keep in mind an appraiser will only look at the last 6 months in most cases and they do not look at the current active homes on the market. Both of these come into the factor of what your home will sell for in a current market.

Appears as if $490K is the median price. FYI Take care!

Here is a straight answer based on current data for your specific area (New Braunfels, TX). WHAT HOMES LIKE YOURS ARE SELLING FOR IN NEW BRAUNFELS RIGHT NOW The median sale price in New Braunfels is around $338,000, down about 3.6% from last year. Homes are sitting on the market an average of 127 days, and the average home sells for about 3% below list price. For a two story 3 bed 2.5 bath with an upstairs living room, you are most likely looking at a range of $300,000 to $380,000 depending on square footage, neighborhood, age of the home, and condition. The upstairs bonus living room is a feature that adds appeal but does not dramatically shift the price range on its own. THIS IS A BUYER FRIENDLY MARKET RIGHT NOW The New Braunfels market is not very competitive. Homes receive an average of 2 offers and multiple offers are rare. That means if you are selling, you need to price it right from the start. If you are buying, you have real negotiating room. THE INVENTORY SITUATION There are over 1,100 homes currently for sale in New Braunfels with around 359 new listings hitting the market every 30 days. That is a lot of competition for sellers, which is exactly why realistic pricing matters more than ever. BOTTOM LINE FOR YOUR HOME SPECIFICALLY Pull up Zillow or Redfin and search recently sold 3 bed 2.5 bath two story homes within a 5 mile radius over the last 90 days. That is your most accurate pricing guide. Based on current market data, a well priced home in good condition in your range should move, but expect it to take 2 to 4 months and plan to negotiate on price or offer some concessions to the buyer.

Brent, can you provide more information?