7315 Ritchie DR, Austin TX 78724

Taking into account 3 nearby comparable sales, this property's estimated value comes to $235,632. If we were to list this property today, I'd recommend a list price in the $229,000 to $243,000 range. This home's position in the current 78724 market: the most affordable of 5 comparable homes on the market among comparable properties. Lot size matters here: 0.26 acres versus 0.15 for the typical comp. With 5 similar homes currently listed in 78724 (a buyer's market), competition is a factor to consider. The 6 month price trend in 78724: risen 5.5%. The best comp here is 6904 Point North DR, Austin TX 78724 at an adjusted value of $220,916, 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