The Redfin CompeteScore can give you an idea whether market competition in your area could boost your home’s sale price. Or if you’re buying, it can indicate how much competition you’ll face when you make an offer. Compare Redfin CompeteScores in Raleigh, Philadelphia, Houston, and Sacramento, or check your own neighborhood’s score on Redfin.com. As a real estate brokerage, Redfin has complete access to Multiple Listing Services , the databases that real estate agents use to list properties. To calculate the Redfin Estimate the algorithm considers hundreds of data points about the market, the neighborhood, and the home itself, like whether it has a water view or is located on a busy street.
On the other hand, Chase’s home value estimator requires practically no data other than your address. So compared to other tools that might ask you for your name and other personal details, this one is better for a quick, non-binding check. The Chase home value estimator is another great option, as it’s known for being extremely accurate and reliable. It’s not the most detailed tool on the market, and other home value websites will provide you with a much more thorough overview of your current situation. This makes Ownerly great not just for those looking to sell their homes but also for homeowners who want to maximize the value of their current investment and optimize their monthly expenses. Ownerly can provide you with a more detailed home value estimate and report than some other similar websites, covering a wide range of factors.
Median Home Price in the US in 2023
One of the most inexpensive yet effective ways to add value to your home is simply cleaning and decluttering it. A clean home shows well and allows would-be buyers to see themselves living in your space. Improving curb appeal through landscaping and exterior enhancements can attract potential buyers. Adding usable square footage through basement finishing, attic conversion, or extensions can enhance home value. This guide will demonstrate ways to increase your home value through carefully strategized renovations and upgrades.