3845 Ranch Road 2222 # D1, Austin TX 78731

Based on 3 closed sales in TERRACES, the data points to a value around $383,397 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $266,000 to $276,000. Buyers shopping in TERRACES right now would see this as a well positioned option among 7 comparable homes. The larger floor plan (103 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.12 acres versus 0.08 for the typical comp. Current inventory shows 7 comparable homes in TERRACES; a buyer's market based on recent absorption. Market data shows 78731 prices fallen 15.8% over the last half year. The closest comparable sale, 5900 Mountainclimb DR # 1, Austin TX 78731 at an adjusted $564,272, is a strong comparable. This estimate draws on 3 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