{"id":20782,"date":"2025-03-14T02:56:57","date_gmt":"2025-03-14T09:56:57","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=20782"},"modified":"2025-05-28T11:27:44","modified_gmt":"2025-05-28T18:27:44","slug":"real-estate-house-price-estimate","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/real-estate-house-price-estimate\/","title":{"rendered":"6 Ways to Get a Real Estate Price Estimate for Your House"},"content":{"rendered":"

As a homeowner, you may be wondering if the current value of your home<\/a> may be more than what you paid for it \u2014 and whether you\u2019re in a good position to tap into that growing equity<\/a> for home repairs, to refinance<\/a> into a lower mortgage payment or sell your home<\/a> for a nice profit. Whatever your goal, the first step is to get an accurate real estate house price estimate.<\/p>\n

Here are six ways to determine that estimate \u2014 as well as the pros and cons of each.<\/p>\n\n\n\n\n\n

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

Curious What Your Home Is Worth?<\/h3>\n

Get a near-instant real estate house price estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes.<\/p>\n \n

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

1. Use a reputable online home value estimator<\/h2>\n

An automated valuation model <\/a>(AVM) provides an instant value estimate by analyzing real estate transactions and home data on existing properties. Using data collected from property transfers, tax assessments, and other public records, these online platforms compare the value of similar properties to estimate a home\u2019s worth.<\/p>\n

It\u2019s important to keep in mind that while online assessments can give you a ballpark estimate (and present it fast), these online tools won\u2019t be able to account for recent home upgrades<\/a> \u2014 such as a newly renovated kitchen<\/a>, a recently installed pool<\/a>, or new windows.<\/p>\n

Because of this, online assessment tools have their limitations. Companies like Zillow and Redfin have reported that their AVM median error rates are approximately 2% for homes that are on the market. For off-market homes, the error rate is reported to be around 7%.<\/p>\n

On-market homes tend to have more up-to-date information so AVMs can produce a more accurate value estimate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Keeping tabs on your home\u2019s value is good practice. Refer to this article to know how to get a reliable real estate price estimate.<\/p>\n","protected":false},"author":316,"featured_media":20784,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[320,330],"tags":[733],"class_list":["post-20782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-add-value","category-house-value","tag-how-is-home-value-calculated"],"acf":[],"yoast_head":"\n6 Ways to Get a Real Estate Price Estimate for Your House<\/title>\n<meta name=\"description\" content=\"Keeping tabs on your home\u2019s value is good practice. 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Refer to this article to know how to get a reliable real estate price estimate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.homelight.com\/blog\/real-estate-house-price-estimate\/\" \/>\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=\"2025-03-14T09:56:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-28T18:27:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hl-blog.homelight.com\/wp-content\/uploads\/2020\/12\/real-estate-house-price-estimate.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Lindsey Bergeron\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@gohomelight\" \/>\n<meta name=\"twitter:site\" content=\"@gohomelight\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lindsey Bergeron\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"14 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"6 Ways to Get a Real Estate Price Estimate for Your House","description":"Keeping tabs on your home\u2019s value is good practice. 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