Free Property Value Calculator
Estimate a property value using the comparable sales approach by averaging price per square foot from similar recent sales.
USD
sq ft
%
Estimated Property Value
$400,000
Base Comparable Value$400,000
Condition Adjustment Amount$0
Estimated Property Value vs Average Comp Price/Sq Ft
Property Value Estimation
This simplified comparable sales approach estimates property value using the average price per square foot of recently sold comparable homes, adjusted for condition.
Formula
Estimated Value = (Avg Comp $/Sq Ft x Subject Sq Ft) x (1 + Condition Adjustment%)
Notes
Example Calculation
Comparable homes sold at an average of $200 per sq ft. Your property is 2,000 sq ft in above-average condition (+5%).
- 01Base comparable value: $200 x 2,000 = $400,000
- 02Condition adjustment: $400,000 x 5% = $20,000
- 03Estimated property value: $400,000 + $20,000 = $420,000