5203 Glissman RD, Austin TX 78702

The market data from 4 similar recent sales in 78702 points to a value of approximately $481,400. To sell within a reasonable timeframe at fair market value, the $391,000 to $401,000 range is where I'd position this. Against 3 similar active listings in 78702, this price point lands at the most expensive of 3 comparable homes on the market. This home's smaller footprint (384 sqft vs the comp average) plays a role in how the market prices it. The 1962 construction puts this home 19 years older than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in 78702; a buyer's market based on recent absorption. In 78702, home values have fallen approximately 6.3% over the past 6 months. One of the strongest data points is 1007 Gullett ST, Austin TX 78702, adjusting to $541,585; with a larger floor plan. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group