How to evaluate comparable sales
Learn to tell whether a listing price is grounded in reality.
"Comps" are recently sold homes similar in size, condition, and location to the one you're considering. They're the best evidence of what a home is actually worth, regardless of what it's listed for. Look at sales from the last three to six months within a close radius, adjust mentally for differences in condition and upgrades, and you'll start to develop a much sharper sense of whether a price is fair, ambitious, or a steal.
This step is general educational guidance, not legal, financial, or real estate advice. Your contract terms, deadlines, and local requirements always take precedence, so confirm specifics with your licensed professionals. Read our full disclaimer.