2807 W 45th ST, Austin TX 78731

Based on 4 closed sales in 78731, the data points to a value around $1,431,534 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,044,000 to $1,054,000. Relative to what's currently available in 78731, this home would be the 3rd most expensive of 7 comparable homes on the market. At 123 sqft larger than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.33 acres versus 0.22 for the typical comp. Right now, 7 similar properties are competing for buyers in 78731, listed between $1,000,000 and $2,200,000. Market data shows 78731 prices fallen 13.3% over the last half year. The closest comparable sale, 2606 W 49th ST, Austin TX 78731 at an adjusted $1,326,812, is with a larger floor plan. The strength of this estimate comes from 4 directly comparable sales in 78731. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group