2700 E 12th ST, Austin TX 78702

After reviewing 6 recent transactions in 78702, I estimate this property's value at $899,403. A competitive list price for this home right now would fall in the $786,000 to $796,000 range. Relative to what's currently available in 78702, this home would be the 3rd least expensive of 7 comparable homes on the market. This home's larger footprint (333 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 7 comparable homes in 78702; a buyer's market based on recent absorption. Prices in 78702 have fallen 4.5% over the last 6 months. A similar home at 1803 Clifford Ave, Austin TX 78702 carries an adjusted comparable value of $1,130,651, providing a strong data point. The comp data here (6 sales in 78702) 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