Comparative Market Analysis
Compare similar properties to estimate home value.
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Comp 2
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Subject Property
Avg $/sqft
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Estimated Value
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Value Range
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Comparable Properties
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How to Use This Comparative Market Analysis Tool
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
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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