5107 Lancaster CT, Austin TX 78723

The comparable sales data (7 recent transactions in 78723) supports an estimated value of $292,904. The data suggests a list price between $219,000 and $229,000 would attract qualified buyers without leaving money on the table. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in 78723's current inventory. This home's smaller footprint (382 sqft vs the comp average) plays a role in how the market prices it. Being built in 1946 (11 years older than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in 78723; a buyer's market based on recent absorption. Prices in 78723 have risen 1.6% over the last 6 months. A similar home at 1611 Cloverleaf DR, Austin TX 78723 carries an adjusted comparable value of $261,080, providing a strong data point. 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