After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $673,625. Pricing this home between $438,000 and $448,000 would put it in the competitive sweet spot for 78723. Relative to what's currently available in 78723, this home would be the most expensive of 4 comparable homes on the market. This home's larger footprint (116 sqft vs the comp average) plays a role in how the market prices it. Buyers in 78723 have 4 comparable options right now, with asking prices between $411,350 and $639,000. Market data shows 78723 prices fallen 1.2% over the last half year. The closest comparable sale, 1603 Glencrest DR, Austin TX 78723 at an adjusted $545,059, is a strong comparable. The comp data here (7 sales in 78723) 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