Want to sell home 4 months after buying it and breakeven

[Parker Smith]

My brother recently bought a 1.1 million dollar home in Austin Texas to personally live in by himself, in a multiple offer situation. The home sold in 4 days.

He has been in the home for 3 months and realized it is too big for his needs and is wondering how soon he can sell, and ideally breakeven on the selling costs. (which I believe are roughly 8-10%?) So theoretically we would like to list the home for 1.25 M either this summer or next. 

I know its hard to answer this without seeing a CMA of the property etc but is anyone familiar with this type of situation? Is the market hot enough right now to turn around and attempt to breakeven this soon after buying? Or will other agents see the turnaround time and not want to let their clients offer anything over 1.1?

Any help would be appreciated.