One option is to put your address through a few different tools to see what you get. A home’s square footage, acreage, number of bedrooms, bathrooms, and year built are some of main data points used for calculating value - but each tool may have blind spots where data is limited or only offer coverage of certain market areas.
You may be curious to know which online home value estimator is the best or which website is most accurate. Most aggregate some combination of county auditor and tax assessor records, user-submitted data, and MLS listings and sales to produce the estimate. None of these tools are a substitute for a formal appraisal or the in-person expertise of a real estate agent, but they can be a useful starting point. Many lenders and real estate companies have an automated valuation model (AVM) on their website where you can input your address to get a result. With certain markets expected to decline through 2023, many people are curious to know: “What’s my home worth today?” Free online home value estimators can give you an idea of what your house might sell for or how much home equity you’ve banked in a gangbusters housing market. After a wild 45% rise in existing home prices between 20, higher mortgage interest rates have begun to rebalance the market.
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