Comparable sales
nouncom·pa·ra·ble salespronounced KOM-pə-rə-bəl SAYLZ
Last reviewed 16 April 2026
What does the noun Comparable sales mean?
Recent sale prices of similar properties in the same area, used as evidence to estimate a property's market value. Also called 'comps.' These form the basis of independent property valuations.
How the noun Comparable sales is used
We pulled up comparable sales from the last three months to make sure the agent's price guide was realistic before making an offer.
Synonyms
comps, recent sales
Related words
Cite this entry
MLA citation: "Comparable sales." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/comparable-sales. Accessed 29 May 2026.
Chicago citation: How to Property. "Comparable sales." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/comparable-sales.
APA citation: How to Property. (2026, April 16). Comparable sales. https://howtoproperty.com.au/definitions/comparable-sales