Quick answer: A comparative market analysis (CMA) is an agent’s estimate of a home’s market value based on recent sales of comparable nearby homes, adjusted for condition, size, and features. It’s the foundation for pricing a home to sell — more accurate than automated online estimates because it uses real, current, local data.
Key takeaways
- A CMA estimates value from real comparable sales.
- It adjusts for condition, size, and features.
- It’s the basis for setting a list price.
- It’s more accurate than online estimates.
- It uses current, local market data.
What goes into a CMA
- Recent sales of similar nearby homes
- Adjustments for condition, size, and upgrades
- Active and pending listings for context
- Current market demand and trends
CMA vs online estimate
Online tools use broad algorithms and can’t see your home’s condition or nuances. A CMA reflects real, current comps and a local expert’s adjustments, making it far more reliable for pricing.
Request your CMA
we can prepare a CMA for your home at no cost. Our Home Seller’s Guide walks through every step. Have questions? Book a free consultation and we’ll help you plan your next step.
Frequently Asked Questions
What is a comparative market analysis?
An agent’s estimate of a home’s value based on recent comparable sales, adjusted for condition, size, and features.
How is a CMA different from an appraisal?
A CMA is an agent’s pricing tool using comps; an appraisal is a licensed appraiser’s formal valuation, often required by lenders.
Is a CMA more accurate than an online estimate?
Generally yes, because it uses real, current, local comps and expert adjustments rather than broad algorithms.
What data does a CMA use?
Recent comparable sales, active and pending listings for context, and current market demand, adjusted for your home’s specifics.
How do I get a CMA?
Ask a local agent to prepare one for your home. It’s typically provided at no cost as part of a listing consultation.
Written by Surbhi Gupta, REALTOR® · CA DRE# 02314083 · eXp Realty of California, Inc. Serving Fremont, Union City, Newark, Hayward & Milpitas. This article is for general education, not financial advice — confirm current figures with a licensed professional.
