Free Comparative Market Analysis Calculator
Perform a simplified CMA by averaging three comparable sale prices with individual adjustments for condition and features.
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Estimated Market Value
$393,583
Adjusted Comp 1$387,600
Adjusted Comp 2$383,150
Adjusted Comp 3$410,000
Estimated Market Value vs Comp 1 Sale Price
Comparative Market Analysis
A CMA estimates a property's market value by adjusting comparable recent sales to reflect differences with the subject property.
Method
1. Select 3 recent comparable sales near the subject property 2. Adjust each comp's sale price up or down for differences (e.g., extra bedroom, older roof) 3. Average the adjusted prices for an estimated market value
Adjustments
Example Calculation
Three comparable homes sold for $380K, $395K, and $410K with adjustments of +2%, -3%, and 0% respectively.
- 01Comp 1 adjusted: $380,000 x 1.02 = $387,600
- 02Comp 2 adjusted: $395,000 x 0.97 = $383,150
- 03Comp 3 adjusted: $410,000 x 1.00 = $410,000
- 04Average: ($387,600 + $383,150 + $410,000) / 3 = $393,583