5901 Sierra Madre, Austin TX 78759

Based on 3 closed sales in SUMMIT OAKS, the data points to a value around $608,138 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $686,000 to $814,000. This home's position in the current SUMMIT OAKS market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. Being 147 sqft smaller than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 0.52 acres versus 0.41 for the typical comp. The active market in SUMMIT OAKS includes 7 comparable homes priced from $495,000 to $1,349,000. Market data shows 78759 prices risen 8.8% over the last half year. The closest comparable sale, 12303 Bar X DR, Austin TX 78727 at an adjusted $851,098, is a strong comparable. This estimate draws on 3 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