501 West Ave # 2903, Austin TX 78701

Based on 6 closed sales in ORIGINAL CITY OF AUSTIN, the data points to a value around $2,558,639 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $3,367,000 to $3,454,000. Buyers shopping in ORIGINAL CITY OF AUSTIN right now would see this as a well positioned option among 5 comparable homes. At 185 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 2018 (5 years newer than comps) is factored into the value estimate. 5 similar homes are currently available in ORIGINAL CITY OF AUSTIN, creating a buyer's market for this price range. Market data shows 78701 prices fallen 14% over the last half year. The closest comparable sale, 70 Rainey ST # 2701, Austin TX 78701 at an adjusted $2,240,329, is a strong comparable. This estimate draws on 6 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