1106 Elm ST, Austin TX 78703

My analysis of 3 comparable properties puts this home's estimated value at $1,166,593. Based on how the local market is moving, a list price between $1,646,000 and $1,664,000 would position this home well. This home's position in the current 78703 market: the most affordable of 3 comparable homes on the market among comparable properties. This home's larger footprint (169 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.00 acres versus the area average of 0.14) contributes to the valuation. 3 similar homes are currently available in 78703, creating a buyer's market for this price range. The 6 month price trend in 78703: fallen 9.3%. The best comp here is 1606 W 14th ST, Austin TX 78703 at an adjusted value of $996,654, a strong comparable. The comp data here (3 sales in 78703) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus