12909 Pegasus ST, Austin TX 78727

Based on 7 closed sales in NORTHWOOD, the data points to a value around $403,482 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $454,000 to $462,000. Relative to what's currently available in NORTHWOOD, this home would be the 3rd least expensive of 7 comparable homes on the market. The smaller floor plan (159 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.15 acres versus 0.19 for the typical comp. With 7 similar homes currently listed in NORTHWOOD (a buyer's market), competition is a factor to consider. Market data shows NORTHWOOD prices risen 1.9% over the last half year. The closest comparable sale, 3603 Palomar LN, Austin TX 78727 at an adjusted $318,502, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in NORTHWOOD. 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