Where to find current home values

Morgan Advisor. Online Investing with J. Chase for Business. Commercial Banking. See all. About Chase J. Home Value Estimator. Take the first step and get prequalified. Start online for a mortgage from Chase. Explore Chase. Build your knowledge. Explore helpful tools. Get answers. Mortgage Information. Why is a home value estimator important? Looking for more mortgage tools? Want to learn more about mortgages? How do I start the homebuying process?

Start online. Start of overlay. Cancel Proceed. You might be wondering if you should take advantage of the climb in values and sell your home or tap its newfound equity. As you consider your options, a good starting point is to ask yourself: exactly how much is my house worth?

There are loads of online tools that offer a quick home value estimate. These online tools — sometimes called automated valuation models, or AVMs — use algorithms and publicly available data, such as recent sales, tax assessments and other public records, to generate an estimate.

There are many home value estimators out there, each using a different methodology, so your estimate can vary. These include:. In addition to an online estimator tool, you might choose to obtain a cash offer from an iBuyer.

To complete the CMA, the agent pulls data about recent sales of comps in the area. They then draw on their knowledge of the neighborhood and any special characteristics of your property to estimate its value. County auditors periodically assess the value of residential properties for property tax purposes, and this information is searchable online.

You can look up the assessed value of your house to see if it has appreciated, or compare the figures with other homes for sale. The tool analyzes historical mortgage data to project what homes in your state or metropolitan area are likely to be worth based on the rate of appreciation of all homes in the area over a given period. Mortgage lenders hire appraisers to confirm the value of a house before approving a loan.

The appraiser considers the characteristics of the property, such as how many bedrooms and bathrooms it has, as well as comps, similar to a CMA prepared by a real estate agent. Right now, home prices have increased in many places due to a shortage of supply mixed with the lowest mortgage rates in history.

If your home value has increased, you have a few options and considerations to make:. There are other factors that impact property values overall, too. These include the local housing market, economy, interest rates and tax rates, Reed says. Knowing the current value of your home allows you to determine, for example, whether your homeowners insurance policy still adequately covers the property. You can simply replace an outdated sink, old tiles or dated light fixtures to give these spaces a refresh.

No single home valuation method is guaranteed to be percent accurate. Additionally or alternatively, you could pay for a professional appraisal. Ultimately, however, the most reliable home value estimates come from professionals who take the time to carefully assess your property based on a variety of factors.

How We Make Money. We are not suggesting that you use our home value estimate in lieu of an appraisal from a trained professional when selling, purchasing, or refinancing, but it is the perfect source when you just need a reasonable estimate and you do not want to wait. In addition to a ballpark value figure, you will have access to valuable data, including transaction histories, home features, mortgage insurance and property tax estimates, and recent local sales.

And if you are looking for mortgage or refinance rates, you will find them right there, right where you need them: on our price estimate page. Whether you are just daydreaming or you have started hunting for a home in earnest, we hope you will find our free home pricing page to be a valuable research tool. Learn how to sell your home in a few simple steps.