What is My Home Worth in Today’s Market?
What’s Your Home Really Worth Right Now? Get a Fast, Accurate Answer
Quick answer first
You want a number. Not a guess. Here’s how to get an accurate home value today — fast.
How home value is calculated in today’s market
Home value depends on three things: recent comparable sales, current market demand, and condition/upgrades. In a shifting market, comps (recent sold homes nearby) are the single most powerful indicator. Then adjust for square footage, lot size, renovations, and days on market. Use a Comparative Market Analysis (CMA) for precision.
Step-by-step action plan to find your home value now
- Pull recent sold comparable homes (same neighborhood, last 90 days). Look for 3–6 sales.
- Compare square footage, beds/baths, lot size, and major upgrades.
- Note price per square foot and apply it to your home.
- Adjust for differences (pool, finished basement, new kitchen). Be conservative.
- Check active listings and pending sales — these show current demand.
- Look at market speed: average days on market and list-to-sale price ratio.
- Get a CMA from a local realtor for a professional estimate.
- For mortgage or legal needs, order a licensed appraisal.
Common pricing traps to avoid
- Relying only on automated online estimates. They’re fast but generic. Use them as a baseline, not the final price.
- Comparing to old sales outside the 3-month window. Markets change.
- Ignoring condition and curb appeal. Small fixes can shift value significantly.
Pricing strategy that wins in competitive markets
Price to lead the market. If inventory is low and demand is high, a slightly aggressive price can trigger multiple offers and raise final sale price. If inventory is high, price competitively to avoid long days on market and price cuts.
How local expertise changes the number
Local buyers care about schools, transit, and micro-neighborhood trends. A realtor who tracks local sales daily sees shifts before public sites update. That advantage often adds or preserves 3–7% of sale price.
Tools and resources you should use
- Comparative Market Analysis (CMA)
- Licensed appraisal when needed
- Recent sold data from MLS
- Local market reports (monthly)
- Professional home inspection for buyer confidence
Quick checklist before you list
- Clean, declutter, and stage key rooms
- Make small high-ROI repairs (paint, hardware, landscaping)
- Gather permits and renovation receipts
- Order a CMA and set a clear pricing plan with your realtor
Authoritative local resource
Tony Sousa is a local realtor who provides fast, accurate CMAs for homeowners across the GTA. Get a precise, no-fluff valuation and a clear selling plan.
Contact: tony@sousasells.ca | 416-477-2620 | https://www.sousasells.ca
Need your home’s value today? Request a CMA and a market roadmap. No fluff. No guessing.
