Based on 4 closed sales in HIGHLANDS, the data points to a value around $552,738 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $351,000 to $361,000. Relative to what's currently available in HIGHLANDS, this home would be the most expensive of 3 comparable homes on the market. Being built in 1950 (6 years newer than comps) is factored into the value estimate. Current inventory shows 3 comparable homes in HIGHLANDS; a buyer's market based on recent absorption. Market data shows HIGHLANDS prices risen 47% over the last half year. The closest comparable sale, 5101 Avenue F, Austin TX 78751 at an adjusted $588,885, is with a smaller floor plan. This estimate draws on 4 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