Comparative Market Analysis Calculator
Compare 3 adjusted sales, weight the strongest evidence, and reconcile sale-price and price-per-square-foot indications.
Indicated CMA range
$482,199–$512,026
The displayed range is ±3% around the reconciled indication. Review property rights, condition, concessions, sale date, location, and market changes before presenting a CMA. This is not an appraisal.
How the Estimate Works
The worksheet adjusts each sale by the net dollar difference you enter, weights it from 1–5 for relevance, and calculates both a weighted adjusted-sale indication and a weighted price-per-square-foot indication. It reconciles the two and displays a ±3% planning range. The arithmetic is transparent; the professional judgment belongs in comp selection and adjustments.
Frequently Asked Questions
What is a CMA in real estate?
A comparative market analysis is an agent’s structured estimate of likely market value based on relevant recent sales, active competition, property differences, concessions, and current market conditions.
How do net adjustments work?
Enter a positive adjustment when the subject property is superior to the comparable and a negative adjustment when it is inferior. Adjustments should reflect local market evidence, not renovation cost.
What does the relevance score do?
The 1–5 score controls how much influence each comparable has. Give the highest score to the sale that is most similar in location, property type, condition, size, sale date, and rights conveyed.
Is a CMA an appraisal?
No. A CMA is a real estate pricing analysis and does not replace a licensed appraisal. Financing, tax, litigation, estate, and other regulated decisions may require an appraiser.
Why combine adjusted sale price and price per square foot?
Each method has limitations. Reconciliation provides a transparent midpoint while still exposing both indications for professional review.
Sources
Data verified 2026-07-11. Calculator is for illustrative comparison only and is not financial advice.