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Originally Posted by dmoolenaar
For my area in SoCal it's pretty accurate as neighborhoods are pretty consistent and thus comps play a large role. I am on work travel in TX and don't see how it would work as neighborhoods (that I have seen) are very diverse. A $1.4M house next door to a $700K home and across the street from 4 homes all in the $150K range. All are ~ the same sq/ft.
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Where in TX are you and for how long?
Part of the weirdness with seemingly similar houses with varied pricing has to do with a few things.
Property size, master plan with amenities, builder and the upgrades in the house it self, stuff like that.
You could spend $500K for a 4500 sq ft on a 1/2 acre in a master plan or $500K for a 4500 sq ftr on a couple of acres outside a master plan.
A Huntington home is going to fetch more than a David Weekly home even if they are only a block apart.