4929 Ranch Road 2222, Austin TX 78731

Based on 7 closed sales in 78731, the data points to a value around $2,972,167 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,589,000 to $1,599,000. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in 78731's current inventory. This home's larger footprint (819 sqft vs the comp average) plays a role in how the market prices it. Being built in 1981 (5 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in 78731 (a buyer's market), competition is a factor to consider. Market data shows 78731 prices fallen 15.3% over the last half year. The closest comparable sale, 5901 Inter Council CV, Austin TX 78731 at an adjusted $1,620,145, is with a pool. 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