The Value of Your Home Based On When You Bought It

Can historical median sales prices give you some sense of your home's current market value?  Perhaps so!  The chart above is calculated based on comparing the 2017 median sales price to the median sales price in each of the past 16 years.

Do remember, of course, that while this might provide a general guide to what has happened with home values over the 17 years, every home and neighborhood is unique.  Let's chat about your specific house if you want to know what it is worth in today's market.

Also, if you bought your home in one of the (now few) red years (2006, 2007, 2008), while your home might still be worth less today than when you bought it, you may have paid down your mortgage to the point that you could sell your without bringing money to closing.