5108 Lancaster CT, Austin TX 78723

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $394,218. I'd recommend coming to market at $498,000 to $501,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78723, this price point lands at the most affordable of 7 comparable homes on the market. Built in 1920, this home is 35 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in 78723 (a buyer's market), competition is a factor to consider. The trend in 78723 shows prices have risen 0.7% in the past 6 months. 1513 Cloverleaf DR, Austin TX 78723 nearby adjusts to $461,648; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group