9005 Jesse James DR, Austin TX 78748

Based on 6 closed sales in 78748, the data points to a value around $461,900 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $474,000 to $516,000. This home's position in the current 78748 market: the 4th most expensive of 7 comparable homes on the market among comparable properties. Being 252 sqft larger than the average comparable sale in this area impacts the per square foot value. Being built in 1983 (7 years older than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in 78748; a balanced market based on recent absorption. Market data shows 78748 prices fallen 4.4% over the last half year. The closest comparable sale, 1404 O K Corral, Austin TX 78748 at an adjusted $457,953, is a strong comparable. The strength of this estimate comes from 6 directly comparable sales in 78748. 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