Home BuyingHomebuying Glossary
Comparable Sales
Also known as Comps
Recently sold homes similar to a property, used to estimate its fair market value.
In plain English
Comps are similar nearby homes — matched on size, condition, and features — that sold recently. Agents and appraisers use them to figure out what a home is realistically worth in the current market.
Why it matters
Understanding the comps for a home you're considering helps you judge whether the asking price is fair before you make an offer.
Where you'll run into it
Guides and tools on TheBuyingPath that cover comparable sales in context.
Related terms
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