Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $480,819. To generate strong buyer interest while maximizing value, I'd price this between $488,000 and $498,000. Against 6 similar active listings in SCOFIELD FARMS, this price point lands at the 3rd most expensive of 6 comparable homes on the market. The larger floor plan (113 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 6 comparable homes in SCOFIELD FARMS; a balanced market based on recent absorption. The trend in SCOFIELD FARMS shows prices have fallen 8.6% in the past 6 months. 2328 Rodeo DR, Austin TX 78727 nearby adjusts to $436,692; a strong comparable. 7 comparable transactions in SCOFIELD FARMS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group