What Is Market Value?
Market value is the price a property would likely sell for in the current market, given normal conditions and a willing buyer and seller — distinct from appraised value or assessed value, which are formal estimates for specific purposes.
Appraised Value vs. Market Value vs. Assessed Value
A licensed appraiser's formal opinion of value, ordered by a lender to confirm a loan amount is justified.
What a property would likely sell for right now, given current buyer demand — an estimate, not a formal figure.
A local government's valuation used to calculate property taxes — often lower than market value and updated on its own schedule.
Compare and common questions
More Buying Terms
This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
See what this means for your home
Start with the free tool, or get a property-specific analysis of your home.
- Free calculatorFree Home Value Estimate →Runs in your browser; nothing to sign up for.
- Paid reportHome Value Report →Estimate the current value range of any property. Price shown before checkout.
Or analyze a specific property: Essential Property Analysis, $19 · Property Decision Analysis, $49 · Professional Property Analysis, $99. You choose the depth before you pay.