7111 Mesa DR, Austin TX 78731

After reviewing 7 recent transactions in HIGHLAND HILLS NORTHWEST, I estimate this property's value at $1,380,675. A competitive list price for this home right now would fall in the $915,000 to $925,000 range. This pricing would rank the home as the most expensive of 4 comparable homes on the market in HIGHLAND HILLS NORTHWEST's current inventory. This home's smaller footprint (135 sqft vs the comp average) plays a role in how the market prices it. The larger lot (0.30 acres versus the area average of 0.27) contributes to the valuation. 4 similar homes are currently available in HIGHLAND HILLS NORTHWEST, creating a buyer's market for this price range. Prices in 78731 have fallen 15.3% over the last 6 months. A similar home at 4214 Deepwoods DR, Austin TX 78731 carries an adjusted comparable value of $2,138,663, providing a strong data point. The comp data here (7 sales in HIGHLAND HILLS NORTHWEST) 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