What is a Comparative Market Analysis (CMA)?

If you’re buying or selling a home, understanding its value can help you make a more informed decision. But how do you know whether a property is priced fairly in today’s market? A comparative market analysis (CMA) gives buyers and sellers a data-driven look at how a home compares to similar properties nearby. In this Redfin guide, we’ll explain what a comparative market analysis is, how real estate professionals create one, and what factors can influence the results. Whether you’re preparing to list your home in Texas City, TX or evaluating a potential purchase in La Mesa, CA, understanding a CMA can help you navigate the market with greater confidence. In this article: What is a comparative market analysis?How does a comparative market analysis work?What factors are considered in a CMA?Why is a CMA important for sellers?CMA vs. home appraisal: What’s the difference?What is a comparative market analysis: Final takeaways What is a comparative market analysis? A comparative market analysis (CMA) is an estimate of a home’s current market value based on how it compares with similar properties in the area. Real estate agents typically prepare a CMA for sellers who are determining a lis...