555 E 5th ST # 2922, Austin TX 78701

Based on 4 closed sales in 78701, the data points to a value around $1,384,067 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $589,000 to $599,000. Relative to what's currently available in 78701, this home would be the 3rd most expensive of 6 comparable homes on the market. This home's smaller footprint (165 sqft vs the comp average) plays a role in how the market prices it. Being built in 2004 (5 years older than comps) is factored into the value estimate. The active market in 78701 includes 6 comparable homes priced from $539,000 to $1,995,000. Market data shows 78701 prices fallen 23.9% over the last half year. The closest comparable sale, 210 Lavaca ST # 2312, Austin TX 78701 at an adjusted $1,627,663, is a strong comparable. 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