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Home Value Near Me | Best Tools to Find Comparable Home Sales in 2024

clock Updated: 3 weeks ago

Home Value Near Me | Best Tools to Find Comparable Home Sales in 2024

If you’re thinking of buying or selling a home in your area, it’s essential to understand the present market value of homes in that area. This will assist you in setting a fair asking price or making an informed decision when offering a price. Luckily, with the help of dedicated online tools, finding comparable sales of homes in your area has been easier than ever. In this article, we’ll show you how.

Why should I explore home value near me

If you’re looking to find out how much your home is worth, you’ll probably come across the term “real estate comp”. A comp is short for “comparable sale”, which refers to a recently sold home in your neighborhood that is similar to yours in terms of location, size, age, condition, and features.

If you’re thinking about selling your property, it’s crucial to search for comps and use their sale prices to estimate the value of your home and decide on the right listing price. While each home has its unique characteristics, comparing it with similar homes can give you a more accurate understanding of its current market value.

Even if you’ve hired a real estate agent to sell your home, you’ll want to be familiar with comps so that you can make sure the price they suggest for listing your home is satisfactory to you.

How to check home value near me with online tools

It’s recommended to make use of available online resources first to save both your time and money. These services may provide additional information that can be helpful when researching the properties of an area.

Search for comparable home sales by address

There are numerous online public record search tools that are dedicated to helping you learn about the value of property in your neighborhood by simply entering the address.

BeenVerified is a reputable public records search engine with a vast database. With BeenVerified’s property search, you may uncover a wealth of information associated with an address, such as sales history, current valuation, comparable homes nearby (sale date, price, etc.), homes for sale and much more. To use the tool, follow the steps below:

  1. Go to the BeenVerified Property Search page.
  2. Enter an address (e.g. the address of your own property) and click SEARCH.
  3. Wait a few minutes as the results load. Once completed, BeenVerified will provide you with an easy-to-read report that contains all the available information on the address.

To find information about similar homes in the area, select the Homes Nearby section on the left of the page. For each of the comparable homes, you can click View address report to access detailed information.

Possible comparable homes that has recently sold

The report also shows homes that are currently for sale in 5 mile radius of the given address. You can check out their price and property details too. However, it’s important to note that sellers sometimes set the asking price too high and end up selling the home for much less. Or, some sellers might set a price lower than the market value to attract more offers. So make sure to analyze these prices carefully.

Possible homes for sale

If you click on the Property Valuation section on the left side of the page, you’ll see the estimated property values and value history.

Possible estimated value of your property

Check home value by neighbor’s name

If you want to find out how much a particular house in your area is worth and you have the name of the owner, then searching by owner’s name would be a good choice. There are many online platforms that provide public records of real estate transactions and valuation, and you can use them to search for property information by name.

TruthFinder is one of the best public records search engine on the market and you can make it your go-to option. Here’s how to perform a search with TruthFinder:

  1. Visit the TruthFinder public records search page.
  2. Type in the property owner’s name and click SEARCH.
  3. Once the search process completes, unlock the report. You can click on the ASSETS section to view property details and property value information. 

Other methods to learn about home value near me

Apart from using online websites, there are several other methods that you can use to learn about home values near you.

Work with local real estate agents

Local real estate agents are experts in the local housing market, and they can provide you with valuable information about home values in your area and help you understand data in MLS comps.

Only licensed agents can access the multiple listing service (MLS), which is the most current and reliable source of information available, and create a report called a comparative market analysis (CMA). This report includes data from similar homes in the area and helps agents and sellers decide on a good price for a property. Experienced real estate agents often check comps regularly to keep an eye on their local market and trends.

Obtain property records from your local county recorder’s office

You can usually find the sale price of a specific comparable by checking with the county, where property records are kept. These records contain information about property transactions, including the sale price, date of sale, and other relevant details.

The first step is to identify the county recorder’s office that is responsible for maintaining public records of property transactions in your area. In most cases, this office will be located in the county courthouse or administrative building.

Once you’ve identified the county recorder’s office, you can visit the office in person or check their website to obtain the information you need. Some county recorder’s offices allow you to search for records online, while others may require you to visit the office in person. To obtain public records of recent home sales, you will typically need to provide the address of the property you are interested in and the date range you want to search.

Keep in mind that county records may not show any discounts the seller gave the buyer, such as money for repairs. You’ll only see the final sale price, not the original asking price, in those cases. Also, it’s important to note that obtaining public records of recent home sales from your local county can take time and effort. If you want to skip the hassle, just try using an online tool mentioned above.

Talk to neighbors and neighborhood associations

Neighborhood associations may provide you with information about recent home sales in your area. They may also have access to resources that can help you estimate the value of your home. However, neighborhood associations may not have access to the same level of detailed information as dedicated tools or real estate experts.

Talking to your neighbors who have recently bought or sold a home in your area can also give you a rough estimate of home values in your area. They may be able to provide you with insights about the local market and share their experiences with you.

Can my home value be impacted by my neighbors?

Well, the short answer is yes. Even if you do everything you can to maximize the value of your own home, there are still external factors like crime statistics and your neighbors that can influence how much your home is worth.

Sale prices

First, the value of your home can be affected by the sale prices of similar homes in your area. If homes in your area are selling quickly due to high demand, it is likely to increase the value of your home. On the other hand, if homes in your area are not selling very quickly or are not as popular, your home’s value may decrease slightly.

Physical factors

The value of a home is influenced by a variety of factors, including location, condition, size, and features. One of the most important factors is the surrounding neighborhood and community. If your neighbors’ homes are well-maintained and attractive, it can have a positive effect on the value of your home. On the other hand, if your neighbors’ homes are poorly maintained, it can negatively affect your home value.

Foreclosures

The value of your home may be greatly affected if a nearby property is foreclosed. Foreclosed properties are often sold at significantly lower prices than their actual value, which can bring down the overall property value in the neighborhood. Also, foreclosed properties may remain vacant for a long time, which can lead to neglect and deterioration of the property, making it an eyesore in the neighborhood.

The negative association with foreclosed properties can make potential buyers hesitant to invest in the area, leading to a decrease in property values. According to a study conducted by the New York Times, homes that were located within 300-500 feet of a foreclosed property saw a 1.3% decline in their value.

Search nearby foreclosures…

Criminal background of neighbors

The criminal background of your neighbors can potentially affect your home value. If you have a registered criminal or someone involved in criminal activities living nearby, it can make the neighborhood less desirable, leading to a decrease in property value (by up to 10%). This is why it is important to research your neighbors’ criminal history, especially if there’re any registered sex offenders nearby. You can check the information either by address or by your neighbor’s name.


exclamation-blueThere’s no guarantee you’ll find the information you’re looking for with the tools discussed in this article. They all source their information from publicly available data sources, such as county, state and federal courts, government departments, and police records, and those sources may contain incorrect or incomplete data. It’s illegal to use these tools to make decisions about employment, admission, consumer credit, insurance, tenant screening, or any other purpose that would require FCRA compliance. Read the Fair Credit Reporting Act to learn more....

About this article

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Meet Jocelyn, a content creator for Super Easy with a unique blend of skills and passions.

With her extensive academic background, Jocelyn has refined her research skills to a fine art. Her ability to dive deep into internet searches and data analysis has transformed her into a seasoned detective of online information. Her present mission? To uncover practical solutions to everyday problems by crafting high-quality articles and how-to guides that make your life better, easier, and more enjoyable.

During her university days, she delved deep into the realms of economics and finance, igniting a fascination that burns brightly even today. In her spare time, she eagerly absorbs the latest developments in these fields. But Jocelyn is not a one-track mind: beneath her academic path lies a passionate science geek, forged through her past experiences competing in biology and chemistry events. Jocelyn's multifaceted background has endowed her with a sharp eye for detail, a logical mindset, and an unwavering commitment to accuracy - traits that equips her to research, analyze, and present information with the utmost clarity.

Beyond her work, Jocelyn dedicates at least 3 hours each week to informative and enlightening podcasts, which keeps her consistently ahead of the curve. She also has a profound passion for DIY projects, crafting beautiful and unique items like miniature houses from scratch. And amid life's ups and downs, Jocelyn always finds solace and delight in the world of music, where she can express herself freely.

About this article

round-success 246 Revisions

file-success Reviewed by BeenVerified

Meet Jocelyn, a content creator for Super Easy with a unique blend of skills and passions. With her extensive academic background, Jocelyn has refined her research skills to a fine art. Her ability to dive deep into internet searches and data analysis has transformed her into a seasoned detective of online information. Her present mission? To uncover practical solutions to everyday problems by crafting high-qualit [...]

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