Home Valuation

A Comparative Market Analysis (CMA) in real estate is a tool used to estimate a property’s market value by comparing it to similar properties that have recently sold, are currently listed, or were withdrawn/expired in the same area.

Think of it as answering one key question: “What would a buyer realistically pay for this home right now?”

A CMA typically looks at:

• Location – same neighborhood or nearby, with similar appeal

• Property size – square footage, lot size

• Features – bedrooms, bathrooms, upgrades, condition

• Age & style – construction year, layout, design

• Market conditions – supply, demand, and recent price trends

Real estate agents use CMAs to:

• Help sellers price their home competitively

• Help buyers make strong, informed offers

• Support pricing strategies based on real, current data—not guesses

Unlike a formal appraisal, a CMA is informal, faster, and market-driven, making it a practical guide for pricing and negotiations.