What Is My Home Worth? 5 Ways to Estimate Your Home's Value
Updated November 1, 2026
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Short answer: online estimates are a starting point, not a price. For a number you can act on, look at recent sales of similar nearby homes, or get a free comparative market analysis (CMA) from a local agent. If you need a formal value for a divorce, an estate or a refinance, hire a licensed appraiser.
Five ways to estimate value
| Method | Cost | Accuracy | Use it for |
|---|---|---|---|
| Online automated estimate | Free | Rough; can miss renovations and condition | A first ballpark |
| Comparable sales (comps) | Free | Good if you find close matches | Checking any estimate |
| House price index | Free | Area trend only | How much values moved since you bought; FHFA HPI |
| Agent CMA | Free | Good; includes local market knowledge | Deciding whether and when to sell |
| Licensed appraisal | Paid | Formal opinion of value | Lending, divorce, estates, tax |
How to read comps yourself
- Use sales from the last few months, as close by as possible.
- Match size, bedrooms, bathrooms, lot and age.
- Adjust for condition and upgrades, such as a new roof or kitchen.
- Look at what homes sold for, not their list prices.
What raises or lowers value
Location, size and condition matter most. Recent kitchen and bathroom work, curb appeal and a good school zone help; deferred maintenance hurts. Timing matters too: see the best time to sell a house.
Your appraisal rights
If a lender orders an appraisal for your mortgage, you generally have the right to a copy (CFPB on appraisals).
Get a free home value opinion
An agent's CMA is free and uses local sales data. Before you pick one, read questions to ask a realtor and how realtor commission works, then talk to a local agent for a home value opinion.
FAQ
How accurate are online home value estimates?
They vary. They're usually better for typical homes in active markets and worse for unusual or recently renovated homes.
Does a CMA cost anything?
Agents typically provide one free, hoping to earn your listing. You're under no obligation.
Tell us whether you're buying or selling and where, and we'll try to connect you with a local agent. Talk to an agent