Choosing an asking price starts with recent sales of similar homes, not the highest advertised price nearby. I'll help you weigh those comparisons against what makes your home different.
For Romeo's single-family homes, condos, townhouses and apartments, the latest market report includes a typical sale price of $368,250. The typical asking price among homes listed for sale was $502,450, describing listed homes rather than completed sales. The estimated value of a typical home was $359,530. That estimate comes from a valuation model and is not a formal appraisal or a completed sale price.
These townwide figures provide context, but none establishes the right asking price for your particular home. I would give the closest completed sales more attention than an unrelated listing with an ambitious asking price. Starting higher gives you a higher initial asking price, but it does not establish what a buyer will pay.
Review recent sales of similar homes with me, focusing on size, condition and features rather than price alone. Consider competing listings separately so you understand how your home would compare with other advertised choices. Choose an asking price you can explain through those comparisons, and identify what would prompt a later reassessment.
