{"id":385262,"date":"2026-04-01T07:26:54","date_gmt":"2026-04-01T11:26:54","guid":{"rendered":"https:\/\/www.houzeo.com\/blog\/?p=385262"},"modified":"2026-04-01T07:26:59","modified_gmt":"2026-04-01T11:26:59","slug":"real-estate-comps","status":"publish","type":"post","link":"https:\/\/www.houzeo.com\/blog\/real-estate-comps\/","title":{"rendered":"3 Easy Steps to Find Real Estate Comps for Your Home"},"content":{"rendered":"\n<p class=\"highlight\" class=\"margin-top-28\"><a   href=\"https:\/\/www.nar.realtor\/research-and-statistics\/quick-real-estate-statistics\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">38%<\/a> of home sellers have had to reduce their asking price at least once to attract buyers. Moreover, <a   href=\"https:\/\/themreport.com\/news\/data\/05-31-2023\/more-than-half\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">58%<\/a> of buyers believe they have overpaid for the home of their dreams. Not knowing the current market trends costs everyone a pretty penny. <\/p>\n\n\n\n<p>The solution is simple: check real estate comps. For sellers, they can help set a competitive price. For buyers, they can provide a property&#8217;s market value. This prevents them from overpaying.<\/p>\n\n\n\n<p>If you require more guidance, Houzeo&#8217;s Gold and Platinum packages provide a detailed Marketing Assessment. This assessment includes your comps and an analysis of your listing price, helping you avoid pricing mistakes.<\/p>\n\n\n\t<div style=\"display: block ;\" class=\"home-page-quick-listing-wrapper  content-ql-new-ui \" main-title=\"Get Pricing Assistance With Houzeo\ud83d\udcb2\" list-title=\"America&#039;s #1 For Sale By Owner Website\" list-item-1=\"Save thousands in commissions\" list-item-2=\"100% online - fast listing, faster changes\" list-item-3=\"Rated 4.9 stars on Google Reviews &amp; Trustpilot\" ql-button=\"\" minimize=\"\" sidebar=\"\" contact-title=\"\" contact-content=\"\" siteurl_qlb=\"https:\/\/www.houzeo.com\" cash-ql=\"false\"><\/div>\n\t<script>\t\t\n\n\t\tdocument.addEventListener(\"DOMContentLoaded\", function () {\n\t\t\tconst isMobile = window.screen.width <= 768;\n\n\t\t\t\/\/ Global flags to prevent multiple loads\n\t\t\twindow.quickListingCssLoaded = window.quickListingCssLoaded || false;\n\t\t\twindow.quickListingJsLoaded = window.quickListingJsLoaded || false;\n\n\t\t\tconst cssURL = 'https:\/\/www.houzeo.com\/css\/quick-listing-block-v3.css?v=9.8';\n\t\t\tconst jsURL  = 'https:\/\/www.houzeo.com\/js\/quick-listing-block-v3.js?v=9.8';\n\n\t\t\t\/\/ \u2705 Load CSS immediately on mobile only\n\t\t\tif (isMobile && !window.quickListingCssLoaded) {\n\t\t\t\twindow.quickListingCssLoaded = true;\n\t\t\t\tloadCSS(cssURL);\n\t\t\t}\n\n\t\t\t\/\/ \u2705 Define JS loader (and CSS for desktop)\n\t\t\twindow.quickListingJsLoadfn = function () {\n\t\t\t\tif (!window.quickListingJsLoaded) {\n\t\t\t\t\twindow.quickListingJsLoaded = true;\n\n\t\t\t\t\t\/\/ On desktop: load CSS here (lazy), since it wasn't loaded initially\n\t\t\t\t\tif (!isMobile && !window.quickListingCssLoaded) {\n\t\t\t\t\t\twindow.quickListingCssLoaded = true;\n\t\t\t\t\t\tloadCSS(cssURL);\n\t\t\t\t\t}\n\n\t\t\t\t\tloadScript(jsURL);\n\n\t\t\t\t\t\/\/ Remove listener after load\n\t\t\t\t\tdocument.removeEventListener(isMobile ? 'touchstart' : 'mousemove', window.quickListingJsLoadfn);\n\t\t\t\t}\n\t\t\t};\n\n\t\t\t\/\/ \u2705 Add the correct event listener\n\t\t\tconst quickListingEvents = isMobile ? ['touchstart'] : ['mousemove', 'scroll'];\n\n\t\t\tquickListingEvents.forEach((eventName) => {\n\t\t\t\tdocument.addEventListener(eventName, window.quickListingJsLoadfn, {\n\t\t\t\t\tpassive: true,\n\t\t\t\t\tonce: true,\n\t\t\t\t});\n\t\t\t});\n\t\t\t\n\n\t\t\t\/\/ \u2705 Helpers\n\t\t\tfunction loadCSS(href) {\n\t\t\t\tconst link = document.createElement('link');\n\t\t\t\tlink.rel = 'stylesheet';\n\t\t\t\tlink.href = href;\n\t\t\t\tdocument.head.appendChild(link);\n\t\t\t}\n\n\t\t\tfunction loadScript(src) {\n\t\t\t\tconst script = document.createElement('script');\n\t\t\t\tscript.src = src;\n\t\t\t\tscript.async = true;\n\t\t\t\tdocument.head.appendChild(script);\n\t\t\t}\n\t\t});\n\t<\/script>\n\t\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"comps-meaning\"><strong>What Are Comps in Real Estate?<\/strong><\/h2>\n\n\n\n<p>Comps are recently sold properties in the same area that share similar characteristics.<\/p>\n\n\n\n<p>Let&#8217;s say you want to sell a house with 2 bedrooms, 1 bathroom, and 1,000 square feet of living space. To price it appropriately, you should look at other houses with the same characteristics.<\/p>\n\n\n\n<p>It&#8217;s important to note that no two homes are exactly alike, so comps are just a starting point. Real estate agents can help you identify the most relevant comps and adjust the price according to specific features of your property. Find a nearby real estate agent who can help you with this.<\/p>\n\n\n\t<div  class=\"hfsWidget \" data-widget-title=\"Find Real Estate Agents Near Me\" data-widget-list-item1=\"1st item\" data-widget-list-item2=\"2nd item\" data-widget-list-item3=\"3rd item\" data-widget-type=\"vendor\" data-widget-vendor-type=\"real_estate_agent\" data-widget-state=\"US\" data-widget-city=\"\" data-widget-redirect-url=\"https:\/\/www.houzeo.com\/pros\/real-estate-agents-near-me\" data-widget-redirect-text=\"Search a Real Estate Agent Near Me\" data-widget-button-url=\"https:\/\/www.houzeo.com\/pros\/real-estate-agents-near-me\" data-widget-button-text=\"Find a Real Estate Agent\" data-widget-min-price=\"0\" data-widget-max-price=\"0\" data-widget-min-area=\"0\" data-widget-max-area=\"0\" data-widget-sidebar=\"false\">\n       \n    <\/div>\n\t<script>\n    document.addEventListener(\"DOMContentLoaded\", function() {        \n        if (!window.assetsLoaded) {\n            window.assetsLoaded = true;\n            var version = (typeof customData !== 'undefined' && customData.customVersion) ? customData.customVersion : '1.0';\n            loadScript('\/blog\/wp-content\/themes\/houzeo-new-design\/js\/hfs-widget.js?version=' + version);\n            loadCSS('\/blog\/wp-content\/themes\/houzeo-new-design\/css\/hfs-widget.css?version=' + version);\n        }    \n    });\n\t\t\n\t<\/script>\n\t\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"find-comps-for-my-home\"><strong>How to Find Comparable Home Sales?<\/strong><\/h2>\n\n\n\n<p>To find homes similar to yours that have been sold, follow these steps:<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"understand-your-home-spec\"><strong>1. Understand Your Home&#8217;s Configurations<\/strong><\/h3>\n\n\n\n<p>Make a list of details like :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Property Type:<\/strong> Compare similar properties, such as <a   href=\"https:\/\/www.houzeo.com\/blog\/single-family-home\/\" target=\"_blank\" rel=\"noreferrer noopener\">single-family homes<\/a> with single-family homes and <a   href=\"https:\/\/www.houzeo.com\/blog\/what-is-a-condo\/\" target=\"_blank\" rel=\"noreferrer noopener\">condos<\/a> with condos.<\/li>\n\n\n\n<li><strong>Location:<\/strong> Ensure that the comparables match the location of your property or are in a similar neighborhood.<\/li>\n\n\n\n<li><strong>Size and Features:<\/strong> Verify that the square footage and other features, such as lot size, garage, basement etc., closely resemble your property.<\/li>\n\n\n\n<li><strong>Condition:<\/strong> Consider the condition of the comparables, including any recent renovations or updates.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"search-for-similar-recently-sold-homes\"><strong>2. Search for Similar Homes<\/strong><\/h3>\n\n\n\n<p>Here are some ways to look for similar homes that have been sold in 3 months or less:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Use real estate websites like <a   href=\"https:\/\/www.realestatequeen.com\/houzeo-reviews\/\" target=\"_blank\" rel=\"noreferrer noopener\">Houzeo<\/a>, <a   href=\"https:\/\/www.houzeo.com\/blog\/zillow-for-sale-by-owner\/\" target=\"_blank\" rel=\"noreferrer noopener\">Zillow<\/a>, <a   href=\"https:\/\/www.houzeo.com\/blog\/trulia-reviews\/\" target=\"_blank\" rel=\"noreferrer noopener\">Trulia<\/a>, and Realtor.com to search for homes in your neighborhood.<\/li>\n\n\n\n<li>You can also ask your agent to check active listings on the Multiple Listing Service (MLS).<\/li>\n\n\n\n<li>Public records are another option. There are many counties in your state with <a   href=\"https:\/\/usrealtyrecords.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">public records websites<\/a>. This can be a good option if you want to find comparable sales that are not listed on <a   href=\"https:\/\/www.houzeo.com\/blog\/best-real-estate-websites\/\" target=\"_blank\" rel=\"noreferrer noopener\">real estate websites<\/a>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"do-the-math\"><strong>3. Compare the Comps<\/strong><\/h3>\n\n\n\n<p>Once you have shortlisted 4-6 comparables, compare their sales prices. You can calculate the price per square foot (PPSF). <\/p>\n\n\n\n<p>Divide the sale price of each comp by its square foot. Then multiply the average PPSF of all the comps by the square foot of your home.<\/p>\n\n\n\n<p>Let&#8217;s say you found four comps with PPSFs: $200, $215, $235, and $225. They give an average of $218.75. <\/p>\n\n\n\n<p>Multiply it by your home&#8217;s size, say 2,000 square feet. This calculation suggests that your home&#8217;s value will be approximately $437,500.<\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"who-uses-real-estate-comp\"><strong>Who Uses Real Estate Comps?<\/strong><\/h2>\n\n\n\n<p>Real estate comps are used to determine the fair market value of properties. These are used by many stakeholders involved in the real estate transaction, such as:<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"homesellers\"><strong>Home Sellers<\/strong><\/h3>\n\n\n\n<p>Home sellers use comps to set a realistic asking price for their property. They compare the price of their home with similar homes. <\/p>\n\n\n\n<p>Alternatively, for quicker results home sellers can estimate their property&#8217;s worth with an <a   href=\"https:\/\/www.houzeo.com\/how-much-is-my-house-worth\" target=\"_blank\" rel=\"noreferrer noopener\">online house value calculator<\/a>. This calculator also analyzes similar properties sold in your neighborhood.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"homebuyers\"><strong>Homebuyers<\/strong><\/h3>\n\n\n\n<p>Homebuyers use comps to estimate the <a   href=\"https:\/\/www.houzeo.com\/blog\/what-is-fair-market-value-and-how-to-find-it\/\" target=\"_blank\" rel=\"noreferrer noopener\">fair market value<\/a> of a property they are interested in. If the property is underpriced, they can question the seller as to whether there is any defect in the property or if there are any legal liens pending. <\/p>\n\n\n\n<p>If a buyer makes a lowball offer, the seller can use comps to demonstrate that their asking price is fair.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"re-agents\"><strong>Real Estate Agents<\/strong><\/h3>\n\n\n\n<p>Real estate agents use comps to help clients set fair asking prices and negotiate effectively. They also create <a   href=\"https:\/\/www.houzeo.com\/blog\/comparative-market-analysis\/\" target=\"_blank\" rel=\"noreferrer noopener\">Comparative Market Analysis<\/a> (CMA) reports to help determine the fair market value of a property.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>Appraisers<\/strong><\/h3>\n\n\n\n<p>To complete a sale transaction, an appraisal is essential. Initiated by the buyer&#8217;s lender, this process involves a professional appraiser, who will determine the market value of the house in question.<\/p>\n\n\n\n<p>During a <a   href=\"https:\/\/www.houzeo.com\/blog\/home-appraisal\/\" target=\"_blank\" rel=\"noreferrer noopener\">home appraisal<\/a>, an appraiser relies on real estate comps to accurately determine a property&#8217;s value. This can make or break a transaction.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"check-minus-content-list\" style=\"background-color: #dff0ff; padding:20px; margin-left:-5px;\">\u270d\ufe0f <b> Analyze the Market Condition:<\/b> In the current market, where homes are selling quickly and for above asking price, real estate professionals should consider using comps that sold for slightly more than the subject property. <\/ul>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"conclusion\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>Real estate comps are an important tool for anyone involved in the real estate market. Comps can help you make more informed decisions about your property.<\/p>\n\n\n\n<p>Here are some tips for using real estate comps:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Get as Many Comparable Properties as Possible:<\/strong> The more comparables you have, the more accurate your analysis will be.<\/li>\n\n\n\n<li><strong>Consider All the Essentials:<\/strong> Consider all the <a   href=\"#how-to-get-comps-on-a-property\">factors<\/a> that affect home value, such as <a   href=\"https:\/\/www.houzeo.com\/blog\/types-of-houses\/\" target=\"_blank\" rel=\"noreferrer noopener\">property type<\/a>, location, etc.<\/li>\n\n\n\n<li><strong>Include Repair and Renovation Costs:<\/strong> If you are <a   href=\"https:\/\/www.houzeo.com\/blog\/how-to-buy-a-house\/\" target=\"_blank\" rel=\"noreferrer noopener\">buying a property<\/a> that needs work, be sure to add the estimated cost of repairs to your home&#8217;s value.<\/li>\n<\/ul>\n\n\n\n<p class=\"margin-top-15\">By following these tips, you can use real estate comps to your advantage and make the best decision about your property.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"new-excerpt\"><p class=\"small-desc\">Real estate comps are similar properties that have recently sold, used to estimate the value of a subject...<\/p><\/div><div class=\"reading_date\"><span class=\"readtime\">5 mins read<\/span><span class=\"date\">Apr 01, 2026<\/span><\/div>","protected":false},"author":218,"featured_media":430693,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46226],"tags":[27592,27590,27591,27587,27586,27588,27589],"class_list":["post-385262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-seller","tag-comparables-real-estate","tag-comps-in-my-area","tag-comps-real-estate","tag-find-comparables","tag-find-comps","tag-how-to-run-comps-on-a-house","tag-what-is-comps"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>3 Easy Steps to Find Real Estate Comps for Your Home<\/title>\n<meta name=\"description\" content=\"Real estate comps are similar homes in your neighborhood. Here&#039;s how to find these comps and make the most of the information you get.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.houzeo.com\/blog\/real-estate-comps\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Easy Steps to Find Real Estate Comps for Your Home\" \/>\n<meta property=\"og:description\" content=\"Real estate comps are similar homes in your neighborhood. Here&#039;s how to find these comps and make the most of the information you get.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.houzeo.com\/blog\/real-estate-comps\/\" \/>\n<meta property=\"og:site_name\" content=\"Houzeo Blog\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-01T11:26:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-01T11:26:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2023\/11\/3-Easy-Steps-to-Find-Real-Estate-Comps-for-Your-Home.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"840\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Bhagyesh Behere\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhagyesh Behere\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"3 Easy Steps to Find Real Estate Comps for Your Home","description":"Real estate comps are similar homes in your neighborhood. 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