Based on 7 closed sales in 78705, the data points to a value around $364,610 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $275,000 to $285,000. This home's position in the current 78705 market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. The 118 sqft size difference versus comparable sales is reflected in the adjusted values. Buyers in 78705 have 7 comparable options right now, with asking prices between $269,899 and $404,900. Market data shows 78705 prices fallen 11.7% over the last half year. The closest comparable sale, 4015 Speedway # 1, Austin TX 78751 at an adjusted $383,305, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus