5 Ways to Find Houses Sold Near Me

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Steps To Find Homes Sold Near Me

With home values increasing around the country, as a seller, it is only natural to wonder what the potential sale price of your home could be. The best way to determine the price for your house is to compare your home to similar homes in your neighborhood. By looking for homes with duplicate square footage, quality, upkeep, and the prices they sold for, you can determine an estimate for your house.

Also, as a homebuyer, it is essential to know the home prices in the areas you are considering buying. You don’t want to overpay for a home. Also, you want to ensure you can afford the place you want.

Here are several ways to find homes recently sold near you.

1. Reach out to an experienced real estate agent that knows your market.

2. Conduct a search on Zillow for ‘recently sold’ properties.

3. Visit Trulia’s website for database property information.

4. Search RealtyTrac’s database of recently sold homes.

5. Search for ‘just sold’ property listings on Realtor.com.

1. Reach out to an experienced real estate sales agent that knows your market.

Real estate agents are experts at matching buyers with homes that fit their needs. By reaching out to an agent, they can find the selling prices of homes in specific neighborhoods. They know if certain homes are suitable matches, and they have access to the tools that provide the most accurate pricing information.

A real estate agent can perform a comparative market analysis (CMA) using the Multiple Listing Service (MLS). A CMA gives an estimated selling price for a home by usually referencing three to five similar types of homes in the area that have sold recently.

A great site to visit is Richr.com which supports buyers and sellers in finding comparable home prices.

2. Conduct a search on Zillow for ‘recently sold’ properties.

Zillow is an excellent website for finding listings and recently sold properties through your search. The company offers a variety of tools that each work differently to help you find what you are looking for. The tools are a great beginning point for research, but a real estate agent will have the most accurate and up-to-date data.

One way to search for properties that have sold by using Zillow is to type the name of the city you live which will show a list of local results — both in a list format and a map. To find data on homes in specific neighborhoods, you can zoom in on the map. You also narrow your search to look at properties similar to yours in square footage and with basic house features.

3. Visit Trulia’s website for database property information.

Trulia is another popular website used by homebuyers and sellers that provides pricing information for sold properties.

To find recently sold homes near you, choose the “Sold” section and enter a city or address to start your research. For example, if you are searchin for a single-family homes in Austin, Texas, the red dot on the map indicates every property sold. You can place your mouse over each dot for more details about the property and the date it was sold.

When you select an individual property, the list of homes for sale in that area will appear. This way, you can see the value of houses in that market.

4. Search Realty Trac’s database of recently sold homes.

RealtyTrac specializes in foreclosure and distressed property data, but they also have a database of recently sold homes for searchers to conduct their comparative analysis.

The tool on this website offers the estimate of a home’s value and provides an estimated median home price for specific areas of each city by clicking on a map.

5. Search for ‘just sold’ property listings on Realtor.com.

Realtor.com offers a database of homes named ‘Just Sold.’ The database provides a map of recently sold homes and an enhanced mapping feature that gives overlays with details about the city and exciting information. The information can range from the proximity to a grocery store to the noise level in the area.

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Why Housing Prices Matter

There are several implications to the rise and fall of home prices. Consider these macro-economic factors when finding your home’s value and potential selling price.

Rising Housing Prices

Rising house prices create an increase in wealth for homeowners. Generally, as wealth increases, homeowners will usually:

• Gain confidence in spending and borrowing on credit cards. They could always sell their house if there is an emergency.
• Borrow more and take out a bigger mortgage. Banks will lend more due to the increased price of the house. In addition, homeowners can use the larger loan to buy other items, which increases consumer spending.

Housing Prices and Lenders

Lenders often adjust their lending practices based on the price of homes. If prices increase rapidly, the banks see the value of their assets increase, and they feel more confident in lending and issuing more mortgages. Conversely, if prices fall, the banks see their assets decline, and they will become more reserved in their lending practices.

Falling Housing Prices

When house prices fall, there is usually a negative impact on the economy’s growth.

• As the value or equity in homeowners’ houses declines, so does their wealth and confidence to spend, so they focus on paying off their house instead.
• Falling home prices trap many homeowners in negative equity (when your house is worth less than an outstanding mortgage). This then creates a reduction in spending and removes the possibility of withdrawing equity from the homes.

Frequently Asked Questions

Can I conduct a comparative market analysis myself?

You can conduct your analysis using Zillow, Trulia, and Realtor.com data. It is important to note that the research may not be 100 percent accurate as the websites do not always have the most up-to-date information. However, they are a good starting place for you to see what pricing trends are happening in the market. Before putting your house on the market, contact a real estate agent with expertise in your specific market area.

Are Zillow sold prices accurate?

Zillow is a licensed broker and does have access to MLS data. However, that does not mean that the listing data that appears on the website is 100% accurate. Also, the sold prices on Zillow may include closing costs, increasing the overall selling price and making it appear as if it sold for more. In addition, if there were seller concessions, they may not be included in some cases.

What real estate website should I use to find houses sold near me?

Although most common real estate websites function similarly, their information can vary by site. For best results, check several sites to estimate the selling prices of homes in your area. You can also rely on the expertise of a professional such as Richr.com.

Conducting your search online to find comparable home prices is a significant first step to maximizing your investment and ensuring you are being realistic in your expectations. When comparing homes, it is essential to look at homes in a similar community and homes that are similar in size and features.

Comparable homes are not 100% exact matches that you can base your listing price on without accounting for all the small details. Ultimately, you will want a real estate agent to step in and calculate the value of your home.

Also, a home’s selling price doesn’t necessarily equal its listing price — particularly in today’s competitive market. Many of the sites, including Zillow, Trulia, and Realtor.com, all maintain an updated list of real estate listings. Other popular websites include Homes.com, Redfin, and Richr.com.

Where does sold house price data come from?

Computer algorithms that use an automated valuation model (AVM) determine the price of homes. Most website listing companies use these equations to provide their service. However, the numbers are just estimates.

What is a non-disclosure state?

In disclosure states, the sale of a property is recorded and also reported or disclosed on public record. Anyone can see the price, including brokers, appraisers, and other real estate professionals.

However, in non-disclosure states, it is not required for the property’s sales price to be recorded or made available to find in the public record. However, non-disclosure states do not require a blackout of the sales price. Instead, they give the brokers, appraisers, and real estate agents the option to share the information.

Also, state and county government officials cannot force anyone to share the sales price. If the real estate agent chooses to list the sales price in the MLS, it will be available to all with access, but disclosing the price is not mandatory.

The best way to see sales prices in non-disclosure states is by accessing MLS, but in private sales or sales that are not conducted through an active agent on MLS, the costs will not appear.

The most current list of non-disclosure states includes Alaska, Idaho, Kansas, Louisiana, Mississippi, some parts of Missouri, Montana, New Mexico, North Dakota, Texas, Utah, and Wyoming.

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Are home prices public record?

Sales prices are only required to be entered into the public record in full-disclosure states.

In non-disclosure states, it is not required to enter the information into the public record. However, government officials will have access to the data but cannot disclose it to the general public. The non-disclosure states include:

• Alaska
• Idaho
• Kansas
• Mississippi
• Missouri
• Montana
• New Mexico
• Texas
• Utah
• Wyoming

Some states fall into the middle ground between non-disclosure and full-disclosure. These states do not have disclosure laws. The sales prices are entered into public records only if the seller shares the information. The states in this category include:

• Alabama
• Arkansas
• Louisiana
• Nevada
• North Carolina
• Oklahoma
• Rhode Island
• Tennessee

If you are interested in a real estate transaction in one of the states listed above, we suggest you contact a local real estate agent for assistance.

If you want to get an overview of the market prices for buying or selling a home, your real estate agent can provide this type of information.

They can also help provide you with a Comparative Market Analysis (CMA). A Comparative Market Analysis Collects sales information from multiple homes with similar:

• Number of bedrooms/bathrooms
• Property Age
• Property Size
• Additional Property Features

A Comparative Market Analysis is a useful tool to give you a more accurate idea of whether the home you are looking at is accurately priced.

Summary

There are various ways to find the sales prices of homes sold near you. In today’s market, the prices are regularly increasing, and the market is hot for sellers. Websites including Zillow, Trulia, and Redfin are great resources for finding comparable home prices in your area. Do your online research to find properties and also reach out to a real estate agent in your area. The agents can conduct a Comparative Market Analysis with up to a handful of properties to reference and a complete analysis of suggested pricing for your house. For FSBO sellers, services offered by companies such as Richr.com can provide you with the tools to find the pricing of homes near you.