Been awhile since you last bought or sold a home? Feeling out of the loop on local market trends and how much houses in your neck of the woods are worth these days?
Well, you’re smart to check out nearby recently sold properties. It’s a great starting point to get back in the real estate game.
If you’re beating your head against the wall searching for “selling price of homes in my area” and getting nowhere, look no further. We’ve scoped out all the top resources available at your fingertips and tried them out ourselves, then documented our steps for your convenience. Turns out, none of them should take you more than a few minutes.
The data is all out there and online tools have made it easier than ever to find what you’re looking for. And don’t forget, there’s a top real estate agent around the corner who could pull this information for you instantly.
1. Ask a real estate agent to run nearby comps for you
Why ask a real estate agent about the selling price of homes in your area, when the data is available online?
The main benefit is that agents have the keys to the multiple listing service (MLS), a database they use to keep track of properties for sale (and how much they end up selling for).
All of the big home search tools that receive real estate data, such as Zillow, Trulia and realtor.com, pull their data from the MLS—but these public-facing sites are not updated as frequently as the systems available to agents.
“I would then look up all sold properties within the last 6 months,” says Harich.
“If the market has changed quite a bit I would only go back 3 months. Realtors have access to different online sites that buyers and sellers are not privy to. I would research those sites as well and put together a property analysis.”
Beyond this access to the most recent data, a real estate agent can also help you identify homes most comparable to yours and put the sold prices in context for you.
They can parse all the little details, such as whether your home’s location is more or less desirable than the recently sold house’s lot across the street, for example, and how to adjust your price accordingly.
Any top real estate agent would be happy to conduct a comparative market analysis, a tool used for pricing your home based on the selling price of similar nearby properties, to nail down a listing price if that is your ultimate goal.
All you have to do is find a top agent in your area, and give them a quick call! Their MLS access is just a click away.
Find a Top Real Estate Agent Near You
Ask them to pull the selling price of homes in your area
2. Search Zillow for ‘recently sold’ properties in your neighborhood
With so much information out there on the web these days, it’s natural that you’d want to do some initial online research on the selling price of houses in your area.
Zillow.com, the most popular home search site for online house hunters, allows you to type your city under the “Buy” option.
If you’re using this tool to look up selling prices, once your search results appear, filter out the results by selecting “Recently Sold” from the dropdown list under “Listing Type.”
All of these yellow dots represent recently sold homes in your city, so now you can zoom in and start highlighting the ones in your neighborhood.
In this example we highlighted a home recently sold in the Mission District of San Francisco.
3. Check Trulia’s U.S. Assessor Records and Property Information database
You can also find the selling price of nearby houses using Trulia’s public records database.
The tool lets you filter by state, county, ZIP code, street name and finally—your address!
From there, you’ll pull up a profile of your home.
Scroll down to the section that reads “comparables” and you’ll see the sold price and sale date of homes close by.
4. Use RealtyTrac’s database of recently sold homes
RealtyTrac, a top source of real estate information founded in 1993, offers a tool that lets you search for recently sold homes, but it only drills down to your specific county, rather than house or neighborhood.
Simply select your state and county, make sure you’re in the “Sold” tab, and you’ll see a list of addresses with their respective sold price.
5. Look up ‘Just Sold’ property listings on Realtor
Realtor’s Just Sold Homes search tool allows you to search for recently sold homes by city, and then filter by price point, numbers of beds and baths, and even home size and home age.
This can be handy if you’re looking to compare your property to others by feature, but doesn’t help as much if you want to filter by a more specific location.
‘Sold price’ sleuthing? Make sure you compare apples to apples
While all of these tools will help you get a baseline understanding of the selling price of homes in your neighborhood, keep in mind how situational these numbers are.
One thing you want to avoid is letting this research cloud your judgment about your own home’s value.
Comparable homes are just that—comparable—not 100% exact matches you can base your listing price on without accounting for all the little nuances.
Harich mentioned a few of these factors during our conversation:
“Driveway layout can bring your home’s value up or down…proximity to powerlines, if you’re near a flight path, or even if you’re near a mobile home park—anything that could possibly affect the buyer.”
So remember, just because the home down the street has the same square footage and number of bedrooms as yours doesn’t mean the two homes will sell for the same price.
Ultimately, you’ll need a real estate to step in and calculate the value of your home, so you can bank on getting buyers’ attention and sealing the deal on a successful home sale.
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