3004 Northeast DR, Austin TX 78723

The market data from 4 similar recent sales in 78723 points to a value of approximately $533,263. To sell within a reasonable timeframe at fair market value, the $638,000 to $643,000 range is where I'd position this. Against 7 similar active listings in 78723, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (177 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.28 acres, the lot is larger than the 0.25 acre comp average, which factors into pricing. 7 similar homes are currently available in 78723, creating a buyer's market for this price range. In 78723, home values have fallen approximately 1.2% over the past 6 months. One of the strongest data points is 7105 Fred Morse DR, Austin TX 78723, adjusting to $325,645; a strong comparable. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group