6914 Thorncliffe DR, Austin TX 78731

Based on 3 closed sales in 78731, the data points to a value around $977,367 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $530,000 to $540,000. This home's position in the current 78731 market: the 4th most expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (112 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2001 (6 years newer than comps) is factored into the value estimate. The active market in 78731 includes 7 comparable homes priced from $499,000 to $1,250,000. Market data shows 78731 prices fallen 15.3% over the last half year. The closest comparable sale, 7815 Moritz LN, Austin TX 78731 at an adjusted $1,099,666, is with a smaller floor plan. The strength of this estimate comes from 3 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