Home prices do not move uniformly across the country—or even across the same city. A national increase can occur while certain neighborhoods or property types experience price reductions.

The September 29 housing report showed U.S. single-family home prices increased 0.3% in July and 2.6% compared with a year earlier. Those figures describe past transactions, rather than today’s value of every home.

How can you tell what your home is worth?

Start with recent closed sales of similar homes nearby. Compare size, condition, location, features, and any seller concessions.

Then review active listings and pending sales to understand the competition. Asking prices show what sellers hope to receive; completed sales provide stronger evidence of what buyers have paid.

What should sellers do?

Price your home using neighborhood evidence and current competition. If showings are limited or buyers consistently raise the same concerns, reassess the price and presentation.

Your next step: Request a market analysis specific to your property before making a pricing decision.