Home Value Estimator
Home / Value Estimator
Thinking of buying or selling your property? No matter what, it’s important to know the current price. Understanding your property’s value can have a major impact on how much you receive or invest. Our free home worth calculator provides accurate estimates for Chicago properties and let you know what type of improvements would be best for the property.
How much is my house worth?
Connect with our team—your guide to accurate home valuation!
How We Estimate Your Home’s Value
Our online home valuation process takes into account various factors, using both public data and public records to provide an accurate estimate. By reviewing sales histories and comparing similar homes in the area, we ensure your estimate reflects current home prices and local market conditions. Your house’s value is more than just a number; it’s a starting point for understanding how market conditions may affect your sale. We also consider property taxes, which can affect your home’s overall cost and home equity, home appraisal values and analyze estimated market trends to give you a clear picture. Using advanced valuation tools, we factor in key home facts, such as size, location, and condition, to get a fair market estimate. If you’re thinking about selling, we can help you navigate the complexities of pricing and market homes for the best possible return.
Don't rely on what your neighbor sold for.
Your neighbor’s house may be similar to yours, but it’s not identical. Your home is unique in many ways: the neighborhood, the layout, construction and materials used, square footage, and room dimensions. That means there’s no reason to assume that your neighbor’s sale price should be your guide when it comes time for you to sell.
Your home's location matters.
If you were to sell your home this year, a buyer would be interested in the location and how it impacts the price of the home. Location can affect how much you pay for your mortgage and whether or not there are any amenities nearby. For example:
- A house with an ocean view is more desirable than one without.
- An apartment within walking distance of shopping or restaurants will command higher rent than one further away from shops and restaurants.
Take a minute to consider the history of your house.
- Has it been a long time since you purchased or moved into the home? If so, there may be some value in its history as part of your neighborhood.
- Have you made significant improvements to the property? Has it increased in value because of these improvements?
- Have recent renovations brought out its architectural beauty or added value to other potential buyers?
How long has your house been on the market?
Timing is everything when it comes to selling a home. If you’re not getting any offers, it’s time to consider lowering your price. The “For Sale” sign in your yard will have a bigger impact on how buyers view your home than anything else — except perhaps its condition and location. If other houses on the market nearby are listed at lower prices, buyers may be deterred from considering yours.
Meet with a licensed real estate agent today.
Say Hello,
Office Address
111 N Wabash #1734,
Chicago, IL 60602
Contact Us
Phone: (312) 283-0794
Email: info@kmrealtygroup.net