Almost any Realtor(R) will be happy to perform a Comparative Market Analysis for your Home. This Market Analysis is a tool to assist you in pricing your home based on the activity in your neighborhood. It is an informal analysis of homes that are comparable to yours, that have sold in your neighborhood. It takes into account your homes features and size and uses homes that are as similar to yours as possible.
These homes can be ones currently for sale and ones that have sold. This will give you a good guide as to what Value the Buyers in your Area are placing on homes that are similar to yours. The Value of your home is based on what people are willing to pay for it.
The Comparative Market Analysis will also include- How many days each home was on the market - both the asking price and the actual selling price - notes comparing each home to yours, i.e; number of bedrooms and baths, approximate square footage, sizes of major rooms, extras like fireplaces or pool and the homes age and even property taxes and beyond.