{"id":20168,"date":"2023-10-26T03:45:28","date_gmt":"2023-10-26T10:45:28","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=20168"},"modified":"2025-05-28T11:23:05","modified_gmt":"2025-05-28T18:23:05","slug":"market-value-vs-appraised-value-real-estate","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/","title":{"rendered":"Market Value vs Appraised Value: Know the Difference for Your Home"},"content":{"rendered":"

People looking to sell their homes often encounter two terms that both try to convey the value of their house: market value<\/a> and appraised value<\/a>. In real estate, these have distinct meanings, and it\u2019s helpful to understand the difference.<\/p>\n

When you decide that you want to sell your house, you might use a tool like HomeLight\u2019s Home Value estimator<\/a> to get a ballpark idea of its market value and how much you could ask for it, or work with a top agent<\/a> to develop a pricing strategy<\/a> for putting your home on the market.<\/p>\n\n\n\n\n\n

\n
\n
\n \"homelight\n <\/div>\n \n

Want a Peek at Your Home's Value?<\/h3>\n

A great starting point is HomeLight’s Home Value Estimator. We\u2019ll pair your answers to a few questions with housing market data from multiple trusted sources for a real-world estimate in under two minutes.<\/p>\n \n

\n Get Estimate<\/a>\n <\/div>\n <\/div>\n<\/div>\n\n\n

However, if a buyer\u2019s lender orders an appraisal of the property, and the appraised value is lower than the asking price<\/a>, the deal could fall through.<\/p>\n

So, what\u2019s the difference between market value vs. appraised value in real estate? Let\u2019s take a deeper dive into what each term means and how it affects the sales price.<\/p>\n

<\/div>\n

Understanding a home\u2019s market value<\/h2>\n

The market value of a home is the price buyers are willing to pay for a house, and varies over time depending on prevailing market conditions. It is not the listing price. Michelle Queen<\/a>, a top real estate agent in Cartersville, Georgia with 19 years of experience, puts it bluntly:\u00a0 \u201cThe market value is what the home is actually worth.\u201d<\/p>\n

Factors used to determine the market value of a home<\/h3>\n

Comparable sales<\/h4>\n

Comparing sales prices is a big factor in determining a home\u2019s market value. Real estate agents do this by running a comparative market analysis<\/a> (CMA). \u201cWhen I\u2019m running house values, I\u2019ll look at what\u2019s sold in the same subdivision or within a mile, and compare prices with properties that are similar to the client\u2019s property,\u201d says Queen, helping her make an educated determination of the home\u2019s market value.<\/p>\n","protected":false},"excerpt":{"rendered":"

Different methods exist for putting a value on a home, but what do they mean and what are they used for? Don\u2019t worry – we can explain market value vs appraised value in real estate.<\/p>\n","protected":false},"author":230,"featured_media":38814,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[242,322,330],"tags":[734],"class_list":["post-20168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-appraisals","category-logistics","category-house-value","tag-what-is-a-comparative-market-analysis"],"acf":[],"yoast_head":"\nMarket Value vs Appraised Value: In Real Estate, What\u2019s the Difference?<\/title>\n<meta name=\"description\" content=\"Different methods exist for putting a value on a home, but what do they mean and what are they used for? Don\u2019t worry - we can explain market value vs appraised value in real estate.\" \/>\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.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Value vs Appraised Value: Know the Difference for Your Home\" \/>\n<meta property=\"og:description\" content=\"Different methods exist for putting a value on a home, but what do they mean and what are they used for? Don\u2019t worry - we can explain market value vs appraised value in real estate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/\" \/>\n<meta property=\"og:site_name\" content=\"HomeLight Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/gohomelight\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-26T10:45:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-28T18:23:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hl-blog.homelight.com\/wp-content\/uploads\/2022\/02\/HomeLight-Featured-Image-8.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"564\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Evette Zalvino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ChampionEvette\" \/>\n<meta name=\"twitter:site\" content=\"@gohomelight\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Evette Zalvino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Market Value vs Appraised Value: In Real Estate, What\u2019s the Difference?","description":"Different methods exist for putting a value on a home, but what do they mean and what are they used for? Don\u2019t worry - we can explain market value vs appraised value in real estate.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/","og_locale":"en_US","og_type":"article","og_title":"Market Value vs Appraised Value: Know the Difference for Your Home","og_description":"Different methods exist for putting a value on a home, but what do they mean and what are they used for? Don\u2019t worry - we can explain market value vs appraised value in real estate.","og_url":"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/","og_site_name":"HomeLight Blog","article_publisher":"https:\/\/www.facebook.com\/gohomelight\/","article_published_time":"2023-10-26T10:45:28+00:00","article_modified_time":"2025-05-28T18:23:05+00:00","og_image":[{"width":1000,"height":564,"url":"https:\/\/hl-blog.homelight.com\/wp-content\/uploads\/2022\/02\/HomeLight-Featured-Image-8.png","type":"image\/png"}],"author":"Evette Zalvino","twitter_card":"summary_large_image","twitter_creator":"@ChampionEvette","twitter_site":"@gohomelight","twitter_misc":{"Written by":"Evette Zalvino","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":["Article","BlogPosting"],"@id":"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/#article","isPartOf":{"@id":"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/"},"author":{"name":"Evette Zalvino","@id":"https:\/\/www.homelight.com\/blog\/#\/schema\/person\/24c138a15ae405c1f075829518d876d9"},"headline":"Market Value vs Appraised Value: Know the Difference for Your Home","datePublished":"2023-10-26T10:45:28+00:00","dateModified":"2025-05-28T18:23:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/"},"wordCount":329,"publisher":{"@id":"https:\/\/www.homelight.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/#primaryimage"},"thumbnailUrl":"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/02\/HomeLight-Featured-Image-8.png","keywords":["what is a comparative market analysis?"],"articleSection":["Home Appraisals","Logistics","What's My Home Worth?"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/","url":"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/","name":"Market Value vs Appraised Value: In Real Estate, What\u2019s the Difference?","isPartOf":{"@id":"https:\/\/www.homelight.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/#primaryimage"},"image":{"@id":"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/#primaryimage"},"thumbnailUrl":"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/02\/HomeLight-Featured-Image-8.png","datePublished":"2023-10-26T10:45:28+00:00","dateModified":"2025-05-28T18:23:05+00:00","description":"Different methods exist for putting a value on a home, but what do they mean and what are they used for? Don\u2019t worry - we can explain market value vs appraised value in real estate.","breadcrumb":{"@id":"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/#primaryimage","url":"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/02\/HomeLight-Featured-Image-8.png","contentUrl":"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/02\/HomeLight-Featured-Image-8.png","width":1000,"height":564,"caption":"Source: (Jacques Bopp \/ Unsplash)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.homelight.com\/blog\/market-value-vs-appraised-value-real-estate\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.homelight.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Market Value vs Appraised Value: Know the Difference for Your Home"}]},{"@type":"WebSite","@id":"https:\/\/www.homelight.com\/blog\/#website","url":"https:\/\/www.homelight.com\/blog\/","name":"HomeLight Blog","description":"Real Estate Advice from America's Top Agents","publisher":{"@id":"https:\/\/www.homelight.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.homelight.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.homelight.com\/blog\/#organization","name":"HomeLight","url":"https:\/\/www.homelight.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.homelight.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2017\/11\/logo-hr-color.png","contentUrl":"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2017\/11\/logo-hr-color.png","width":1348,"height":262,"caption":"HomeLight"},"image":{"@id":"https:\/\/www.homelight.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/gohomelight\/","https:\/\/x.com\/gohomelight","https:\/\/www.linkedin.com\/company\/homelight\/","https:\/\/www.youtube.com\/channel\/UCimugR9XF17-OZ7B9fNnxWw","https:\/\/en.wikipedia.org\/wiki\/HomeLight"],"description":"Everything you need to know to sell your house faster and for more money. Articles, guides, and advice from top agents all over the U.S.","email":"support@homelight.com","telephone":"(888) 688-0350","legalName":"HomeLight","foundingDate":"2012-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"201","maxValue":"500"}},{"@type":"Person","@id":"https:\/\/www.homelight.com\/blog\/#\/schema\/person\/24c138a15ae405c1f075829518d876d9","name":"Evette Zalvino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.homelight.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0df2f7f88735f96b80a1d47288360b21f84b5d5aab732850f55d7f1c928a93a8?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0df2f7f88735f96b80a1d47288360b21f84b5d5aab732850f55d7f1c928a93a8?s=96&d=blank&r=g","caption":"Evette Zalvino"},"description":"Evette is just your average HGTV fan who dreams of having a home worthy of being on one of those shows. When she isn't writing for HomeLight, she's working at her local real estate office. In her downtime, you'll find her searching for the next great hiking trail in her area.","sameAs":["https:\/\/www.linkedin.com\/in\/evettezalvino\/","https:\/\/x.com\/ChampionEvette"],"url":"https:\/\/www.homelight.com\/blog\/author\/evette-zalvino\/"}]}},"_links":{"self":[{"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/posts\/20168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/users\/230"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/comments?post=20168"}],"version-history":[{"count":0,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/posts\/20168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/media\/38814"}],"wp:attachment":[{"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/media?parent=20168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/categories?post=20168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/tags?post=20168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}