3805 Oakmont BLVD, Austin TX 78731

The market data from 7 similar recent sales in 78731 points to a value of approximately $367,968. To sell within a reasonable timeframe at fair market value, the $179,000 to $189,000 range is where I'd position this. With 7 comparable homes on the market in 78731, this price positions the property as the most expensive of 7 comparable homes on the market. The smaller floor plan (250 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1946 construction puts this home 23 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in 78731; a buyer's market based on recent absorption. In 78731, home values have fallen approximately 12.9% over the past 6 months. One of the strongest data points is 2502 Leon ST # 213, Austin TX 78705, adjusting to $213,155; a strong comparable. The 7 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