Comparative Market Analysis

What's My Home Worth?

A comparative market analysis helps sellers choose the best listing prices for their homes. The "best" price is the one that's not so low it leaves money on the table, and not so high that the home doesn't sell at all. For buyers, a CMA can verify if a home is a good deal and help pinpoint a competitive offer that will be taken seriously—without going overboard.

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A CMA compares a subject property to other homes that are similar in location, size, and features. Ideally, a CMA uses recently sold homes from the same subdivision as the subject property. 

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it will typically include:

• The address of the subject property and three to five comparables

• A description of each property, including elevation, floor plan, and the number of bedrooms and bathrooms

• The square footage of each property

• The sales price of each comp

• Dollar adjustments for any differences

• The adjusted sold price per square foot of each comp

• The fair market value of the subject property