3208 Hemlock Ave, Austin TX 78722

After reviewing 6 recent transactions in 78722, I estimate this property's value at $611,857. A competitive list price for this home right now would fall in the $724,000 to $751,000 range. This home's position in the current 78722 market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. The larger lot (0.34 acres versus the area average of 0.21) contributes to the valuation. The active market in 78722 includes 7 comparable homes priced from $525,000 to $1,150,000. Prices in 78722 have fallen 11.5% over the last 6 months. A similar home at 2806 Breeze TER, Austin TX 78722 carries an adjusted comparable value of $639,566, providing a strong data point. The comp data here (6 sales in 78722) 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