5805 BACK CT, Austin TX 78731

Based on 4 closed sales in 78731, the data points to a value around $558,753 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $542,000 to $576,000. This would position the home competitively among 4 active listings in 78731. Being 239 sqft smaller than the average comparable sale in this area impacts the per square foot value. Current inventory shows 4 comparable homes in 78731; a buyer's market based on recent absorption. Market data shows 78731 prices fallen 15.3% over the last half year. The closest comparable sale, 5613 Muster CT, Austin TX 78731 at an adjusted $489,512, is a strong comparable. The strength of this estimate comes from 4 directly comparable sales in 78731. 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