How much is your house worth?
Find out the value of your home with a free offer from Opendoor.
Why use Opendoor to check your home's value?
Your input matters
That’s why we update the value based on what you tell us about your home’s unique features.
See neighborhood comparisons
We assess comparable homes that have recently sold near you, and show the comps for your review.
It’s backed by experience
We assess hundreds of data points about your home and have purchased thousands of homes, giving us a deep understanding of market conditions and trends.
Home value explained
Your home value is an estimation of what your home is worth. Also referred to as fair market value, it's the price that a willing and informed buyer and a willing and informed seller can agree on. Read more
There are two basic steps to calculating home value:
Step 1: Comparable home sales
When finding comparable homes (also known as comps) it’s important that they’re similar to the home being valued in several ways. First, they should be nearby, ideally within the same subdivision or zip code. Second, it’s important that the comps are homes that were recently sold—the more recent the better. Last, the homes should have similar location characteristics, for example they’re both situated on a quiet street or backed to a park.
Step 2: Making adjustments
Because no two homes are exactly the same, it's important to make dollar value adjustments to reflect unique features, upgrades and conditions of the home being valued. In addition to adjusting for home features, it is also important to adjust for market trends, like how quickly homes in your area have been appreciating in price. The more information and data points that are included, the more accurate the home value calculation can be.
Read more about Opendoor’s Home Value estimate.