54 Rainey ST # 1211, Austin TX 78701

Based on 7 closed sales in 78701, the data points to a value around $405,646 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $468,000 to $523,000. This pricing would rank the home as the most affordable of 4 comparable homes on the market in 78701's current inventory. Buyers in 78701 have 4 comparable options right now, with asking prices between $495,000 and $600,000. Market data shows 78701 prices fallen 24.1% over the last half year. The closest comparable sale, 360 Nueces ST # 1118, Austin TX 78701 at an adjusted $424,347, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78701. 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