How to Compare House Prices to Nail Down Your Home’s Value

The increase in housing prices in recent years has prompted many homeowners to wonder about the value of their own home, especially as they compare house prices in their local area. In a recent HomeLight survey of top agents, 41% said we are in a buyer’s market. Buyers in the South Central, South Atlantic, and Mountain regions show stronger bargaining power, while sellers continue to hold greater negotiating power in the Midwest and Northeast. So with all these changes, how do you figure out the value of your home? If you’re considering selling, getting it right means not leaving money on the table if you price too low, or having your house sit on the market if you price too high. Real estate agents are experts at price setting. Agents perform a comparative market analysis — comparing similar properties that have sold nearby — to arrive at a listing price. We’ll take you through options that will help you compare house prices to better understand your home’s value. Get an Estimate on Your Home's Value Our Home Value Estimator is a great starting point. Working with a top real estate agent is the next step to pricing your home and understanding your options. Local real estate agents...