Estimate Home Value Calculator

Closed sales of similar homes nearby, most recent first.
One figure per comparable, in the same order as the prices.
Optional. Drives the market-conditions adjustment. Missing entries count as 0.
Positive if the subject is better (bedrooms, garage, condition, lot). Missing entries count as 0.
Annual rate of change in local sale prices, compounded over the months since each sale.
The marginal contribution of floor area, which is well below the average price per square foot.
Cost approach only.
Cost approach only.
Cost approach only. Effective, not chronological, age.
Cost approach only. The age-life method depreciates by effective age divided by this.
Income approach only.
Income approach only. Sale price divided by monthly rent for rented comparables.
Estimated value
400,000
Home Value Estimate Calculator
Sales comparison indication
400,000
Price-per-square-foot indication
421,053
Lowest adjusted comparable
390,000
Highest adjusted comparable
420,000
Estimated value per square foot
200.00
Comparables used
3
Worked out from The Appraisal Foundation, Uniform Standards of Professional Appraisal Practice (USPAP) - the sales comparison, cost and income approaches to value and 3 other sources.
The result is only as good as the comparables. Use closed sales of genuinely similar homes in the same market, and explain every large adjustment.
This is not an appraisal and must not be used as one. A lending, tax, insurance or legal decision needs a licensed appraiser working to USPAP with verified sales data.

How this is worked out

4 steps
  1. Comparable 1: 400000 sold = 400000.
  2. Comparable 2: 420000 sold = 420000.
  3. Comparable 3: 390000 sold = 390000.
  4. Median of the 3 adjusted price(s) = 400000.
Adjusted price of each comparabletable
400,000, 420,000, 390,000
Time-adjusted price per square foot of each comparabletable
210.53, 200, 210.81
Net adjustment as a share of each sale pricetable
0, 0, 0
Gross adjustment as a share of each sale pricetable
0, 0, 0

Results are general information, not financial, tax, legal, medical or engineering advice.