5608 Parade RDG, Austin TX 78731

My analysis of 7 comparable properties puts this home's estimated value at $549,309. Based on how the local market is moving, a list price between $450,000 and $460,000 would position this home well. This home's position in the current 78731 market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. At 16 years newer than typical comps, the 1995 build date influences the valuation. The smaller lot (0.09 acres versus the area average of 0.17) contributes to the valuation. 7 similar homes are currently available in 78731, creating a buyer's market for this price range. The 6 month price trend in 78731: fallen 15.3%. The best comp here is 5613 Muster CT, Austin TX 78731 at an adjusted value of $469,661, a strong comparable. The comp data here (7 sales in 78731) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus