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RealEstateTools

Uniform worksheet · Property Management

Form RET-304 · Effective August 2026 · Borrower’s copy

Comparative Market Analysis

Compare similar properties to estimate home value.

Comp 1

$

Comp 2

$

Comp 3

$

Subject Property

Avg $/sqft

$0

Estimated Value

$0

Value Range

$0 - $0

Comparable Properties

CompPriceSq Ft$/Sqft

How to Use This Comparative Market Analysis Tool

See Methodology

Our comparative market analysis tool helps you estimate a property's value by comparing it to recently sold similar properties. This is the same method real estate agents use to price homes.

A CMA looks at 3-6 comparable properties (comps) that recently sold in the same area. Adjustments are made for differences in size, condition, and features to arrive at a fair market value estimate.

Use this tool when buying, selling, or refinancing to understand fair market value. While not a substitute for a formal appraisal, a CMA provides valuable pricing guidance.

Related Topics

comparative market analysis ·CMA calculator ·home value estimator ·property valuation ·comparable market analysis ·

Frequently Asked Questions about Home Valuation

  • How do I do a comparative market analysis?

    Find 3-6 recently sold comparable properties within 1 mile, sold within 6 months. Adjust for differences in size, condition, and features. Average the adjusted prices for your estimate.

  • What is the difference between a CMA and an appraisal?

    A CMA is an estimate by a real estate agent using comparable sales. An appraisal is a formal valuation by a licensed appraiser, required by lenders for mortgages.

  • How do I find comparable properties?

    Search MLS listings for recently sold homes nearby. Look for similar size (±20%), age, style, and features. Your real estate agent has access to MLS data.

  • What factors affect a home's market value?

    Location, size, condition, age, upgrades, lot size, school district, market conditions, and comparable sales all influence value.

  • How often should I do a CMA?

    When buying, selling, or refinancing. Homeowners should review annually to track equity growth and market changes.

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