5106 Rainbow RDG, Austin TX 78721

Based on 7 closed sales in 78721, the data points to a value around $387,467 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $450,000 to $481,000. This would position the home competitively among 4 active listings in 78721. Being built in 1967 (12 years older than comps) is factored into the value estimate. Lot size matters here: 0.14 acres versus 0.20 for the typical comp. With 4 similar homes currently listed in 78721 (a buyer's market), competition is a factor to consider. Market data shows 78721 prices fallen 3.5% over the last half year. The closest comparable sale, 6216 Thurgood Ave, Austin TX 78721 at an adjusted $445,700, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78721. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group