A simple comparison can keep you from missing the right move.
If you are comparing homes in Preston Hollow, TX, price alone is not enough. I would look at the typical estimated value of $2,338,290 and the median list price of $2,195,000 last month to understand how the market is being framed.
The typical estimated value was $2,338,290 last month, while the median list price sat at $2,195,000. That gap matters in Preston Hollow, TX because it tells me sellers are still asking below the typical estimated value in many cases.
I also note that the median list price was up 12.56% from the prior month. That is a meaningful move, and it tells me pricing attention is not optional if you want to stay competitive or avoid overreaching.
I would compare each property to those two anchors before making a decision. Then I would decide whether the ask, the condition, and the timing all line up cleanly enough to move forward.
