The market data from 7 similar recent sales in 78738 points to a value of approximately $1,066,931. To sell within a reasonable timeframe at fair market value, the $1,070,000 to $1,133,000 range is where I'd position this. Among the similar homes currently available in 78738, this price point stands out as competitive. At 0.40 acres, the lot is larger than the 0.33 acre comp average, which factors into pricing. 6 similar homes are currently available in 78738, creating a buyer's market for this price range. In 78738, home values have fallen approximately 5.5% over the past 6 months. One of the strongest data points is 11 Hightrail WAY, Austin TX 78738, adjusting to $1,158,686; with a larger floor plan. 7 comparable transactions in 78738 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
