6902 Edgefield DR, Austin TX 78731

After adjusting 4 comparable sales for differences in size, age, and features, this home's estimated value is $1,122,130. Pricing this home between $934,000 and $944,000 would put it in the competitive sweet spot for 78731. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in 78731's current inventory. At 6 years older than typical comps, the 1963 build date influences the valuation. The larger lot (0.42 acres versus the area average of 0.37) contributes to the valuation. With 7 similar homes currently listed in 78731 (a buyer's market), competition is a factor to consider. Market data shows 78731 prices fallen 15.3% over the last half year. The closest comparable sale, 4008 N Hills DR, Austin TX 78731 at an adjusted $1,312,042, is with a larger floor plan and a pool. The comp data here (4 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