1408 Glenwood DR, Austin TX 78723

After reviewing 5 recent transactions in 78723, I estimate this property's value at $406,339. A competitive list price for this home right now would fall in the $486,000 to $499,000 range. Relative to what's currently available in 78723, this home would be the 2nd least expensive of 5 comparable homes on the market. The larger lot (0.39 acres versus the area average of 0.23) contributes to the valuation. With 5 similar homes currently listed in 78723 (a buyer's market), competition is a factor to consider. Prices in 78723 have risen 1.6% over the last 6 months. A similar home at 6303 Brookside DR, Austin TX 78723 carries an adjusted comparable value of $282,932, providing a strong data point. The comp data here (5 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