Understanding Your Home’s True Value in Today’s Market

Whether you’re thinking about selling, refinancing, or just curious about your equity, one of the most important questions you can ask is: “How much is my home worth?” The answer isn’t always simple—but it is essential for making smart financial decisions.

Your home’s value is influenced by more than just what you paid for it or the improvements you've made. Market conditions, buyer trends, and neighborhood data all play a role. Here's how to get a clear, accurate understanding of what your property is truly worth.

1. Start With a Comparative Market Analysis (CMA)

A Comparative Market Analysis is a common and reliable way to estimate your home’s value. It compares your property to recently sold homes with similar features—known as comps. This includes:

• Location
• Square footage
• Number of bedrooms and bathrooms
• Lot size and upgrades
• Condition and age of the home

A knowledgeable real estate agent can provide a CMA base...