2918 E 12th ST, Austin TX 78702

My analysis of 5 comparable properties puts this home's estimated value at $534,556. Based on how the local market is moving, a list price between $661,000 and $665,000 would position this home well. This would position the home competitively among 7 active listings in ULIT. The larger floor plan (194 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 7 comparable homes in ULIT; a buyer's market based on recent absorption. The 6 month price trend in 78702: fallen 2.2%. The best comp here is 2006 Maple Ave, Austin TX 78722 at an adjusted value of $331,334, a strong comparable. The comp data here (5 sales in ULIT) 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