5605 Nelson Oaks DR, Austin TX 78724

The market data from 7 similar recent sales in WOODLANDS THE points to a value of approximately $346,632. To sell within a reasonable timeframe at fair market value, the $339,000 to $387,000 range is where I'd position this. With 6 comparable homes on the market in WOODLANDS THE, this price positions the property as the 2nd most expensive of 6 comparable homes on the market. This home's larger footprint (106 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 6 comparable homes in WOODLANDS THE; a buyer's market based on recent absorption. In WOODLANDS THE, home values have fallen approximately 9% over the past 6 months. One of the strongest data points is 6025 Nelson Oaks DR, Austin TX 78724, adjusting to $315,403; with a smaller floor plan. 7 comparable transactions in WOODLANDS THE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group