121 Monarch LN, Austin TX 78737

Based on 7 closed sales in 78737, the data points to a value around $864,333 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $912,000 to $918,000. Buyers shopping in 78737 right now would see this as a well positioned option among 4 comparable homes. At 432 sqft larger than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.35 acres versus 0.31 for the typical comp. With 4 similar homes currently listed in 78737 (a balanced market), competition is a factor to consider. Market data shows 78737 prices risen 1.3% over the last half year. The closest comparable sale, 211 Longmont LN, Austin TX 78737 at an adjusted $742,291, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in 78737. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group