9407 Cedar Forest DR, Austin TX 78750

Based on 6 closed sales in BALCONES, the data points to a value around $754,656 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $629,000 to $639,000. Relative to what's currently available in BALCONES, this home would be the 2nd most expensive of 4 comparable homes on the market. This home's smaller footprint (175 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 0.41 acres versus 0.33 for the typical comp. With 4 similar homes currently listed in BALCONES (a balanced market), competition is a factor to consider. Market data shows BALCONES prices risen 25.1% over the last half year. The closest comparable sale, 11906 Brookwood CIR, Austin TX 78750 at an adjusted $635,603, is a strong comparable. This estimate draws on 6 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