What closing price would you put on this detached home?

[trail.careful]

Keep the guess to a single closing figure, supported by two details rather than a full valuation. The property is a detached two-bedroom home in average condition, measuring 540 sq ft. It is asking $300,000 after 114 days on the market.

Which carries more weight in your estimate: the extended listing period, the compact floor area, the bedroom count or evidence of earlier price reductions?

 

[photosAndGarden]

$276,000. First, 114 days on the market suggests buyers have not accepted the $300,000 ask. Second, 540 sq ft is compact even with two bedrooms, which may narrow demand. Has the asking price already been reduced? That would affect how much more negotiating room I’d expect.