#Homes for sale in my neighborhood how to#

Once you’ve nailed down your search criteria, you can zoom in on the map and look at all the recently sold homes in your neighborhood and find the ones that are the most comparable to yours. In a busy seller’s market, you can even look to see comps in your area within the past week. Recent data is the most useful, so start with one month to see what pops up, then widen your time frame to transactions completed in the past three or six months. Here’s an example of how you can filter for real estate comps based on a three-bedroom house with two bathrooms and which were sold within the last month. Keep in mind that if you get too specific in your searches, you might not find enough recently sold homes in your area that you can use as reliable comps. You can even go more in-depth and identify specific amenities or home trends that could increase the value of your home, such as being a waterfront property or having a view.

If your home is a house, condo, multi-family, etc.

Scroll slightly down and under “Listing Status,” click the toggle that says “For Sale.” This will effectively replace homes for sale with sold homes in your search area.įor a better picture of recent home sales and what you can consider as real estate comps in your area, you can narrow down your search further by restricting the time frame to a specific month and then setting the filters to see recently sold homes that most closely resembles your home.

For example, to see comps for a home in Cleveland, OH, type in your city name into the search bar. Clicking on this button will bring you to a map populated with homes sold in your area, and you’ll be able to see details like sold price, the number of bedrooms and baths, square footage, price per square foot, and how many days the home was on the market before it sold.Īlternatively, you can view sold properties by searching for your city in the search bar of Redfin’s website. If you scroll down even further to the bottom of the page, you’ll see a heading titled “Nearby Recently Sold Homes,” and a “View More Recently Sold Homes” button right below. Scrolling down slightly on the same page will also show the most recently sold homes in the same neighborhood. If you know the address of a recently sold property in your area, you can simply enter the property address in the search bar see all public information about the home, including what the home last sold for. Redfin offers an easy way to identify recently sold homes in your neighborhood quickly. One way to find comps in your area is to use an established real estate listing website for your research. Use a reputable real estate website to find local compsĬomps are an essential part of listing your home and the home appraisal process. Here are five easy ways to get those real estate comps. Having at least three property comparables should give you an average price point to start with. For example, one home comp in your area may be lower than what you should list your home for sale because it was in poor condition and needed work, or another property may have a high comp because it was the best house on the block. When searching for local comps, the first rule of thumb is to find three or more similar properties to ensure that any comparable property isn’t an outlier in price. 5 Ways to Find Real Estate Comps in Your Area Although they are the same house, just listed for sale in different geographical areas, the value of each home is largely influenced by individual housing market conditions.

However, you should be aware that a home in Vancouver, BC will list for a different price than an exact replica of the same home listed in Birmingham, AL. Real estate comps, also referred to as “closed comparable sales,” are completed home sale transactions that have taken place within a specific area and where the homes share similar characteristics with the home you’re selling or considering for purchase. When you start researching for real estate comps in your area, it helps to understand what comps are and what information they can tell you.

#Homes for sale in my neighborhood how to#

Let’s explore how to find real estate comps for your area. Today there’s much more information available to the public, and you can now access comps with an online search.

Back then, it wasn’t easy to find publicly available data online – you needed the help of an inside connection like a real estate agent or home appraiser to pull comparable sales off of the MLS (multiple listing service). Whether you’re selling your first home or you’re a first-time homebuyer, finding comparable sales of homes in your area is much easier than it was even ten years ago.