After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,722,095. Pricing this home between $1,323,000 and $1,333,000 would put it in the competitive sweet spot for 78757. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in 78757's current inventory. The larger floor plan (217 sqft compared to the average comp) is a meaningful differentiator in this price range. At 10 years older than typical comps, the 2015 build date influences the valuation. Current inventory shows 7 comparable homes in 78757; a buyer's market based on recent absorption. Market data shows 78757 prices risen 14% over the last half year. The closest comparable sale, 1207 Aggie LN, Austin TX 78757 at an adjusted $1,912,160, is a strong comparable. The comp data here (7 sales in 78757) 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