Discover how much your home is worth. Redfin's free, instant home value estimator will help you determine the value of your home, or a home you're in., Home value is based on several key factors, some of which may change over time: Housing market: Current market conditions tend to significantly affect your home’s value. In a seller’s market, where there are more buyers than sellers, your home’s value is likely to go up due to increased demand and limited supply. Conversely, in a buyer , Changes in the market itself are a major contributing factor to fluctuation in home value. As demand goes up, prices typically go up, and vice versa. Changes in the economy, job market, interest rates — these are things that influence home value and are well beyond your control. But there are some things you can do to help your home's chances of appreciation over time, like making smart , Appraised value. Professional home appraisals consider various factors to determine a home’s value, including size, location, condition, upgrades and local comps (or what other, similar homes , It is intended to be used for illustrative purposes only and does not represent an appraisal or confirmation of actual home value. The relative benefits of a loan for debt consolidation depend on your individual circumstances. For example, you may realize interest payment savings by making monthly payments towards the new, lower interest rate , You can start by entering your address into Pennymac’s Home Value Estimator tool. You’ll receive a detailed report of your home, including estimated home value and price per square foot, property specifics, a sales history of your home and nearby homes, along with the corresponding values at the times of sale..