5816 Magnolia Mist LN, Austin TX 78744

Based on 7 closed sales in 78744, the data points to a value around $324,246 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $318,000 to $331,000. Relative to what's currently available in 78744, this home would be the 2nd most expensive of 3 comparable homes on the market. Being built in 2014 (22 years newer than comps) is factored into the value estimate. Lot size matters here: 0.00 acres versus 0.14 for the typical comp. The active market in 78744 includes 3 comparable homes priced from $325,000 to $368,900. Market data shows 78744 prices fallen 3% over the last half year. The closest comparable sale, 5417 Falling Leaf LN, Austin TX 78744 at an adjusted $275,080, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78744. 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