Overview
Land Insights provides two different valuation metrics—Comp Value and Market Value Estimate—that may appear similar but are calculated differently and can change under different circumstances. This article explains how each value works and why you may occasionally see differences between them.
Comp Value
The Land Insights Comp Value is calculated live using the most recent sold comparable properties (comps) available in the system.
Key characteristics:
Updates in real time
Reflects the most current market activity
Changes as new sold comps are added
Best representation of current market conditions
Because it is live, the Comp Value may fluctuate more frequently, especially in active or rapidly changing markets.
Market Value Estimate
The Market Value Estimate is calculated based on sold comps available at the time of export.
Key characteristics:
Locked in at the moment the data is exported
Does not update automatically after export
Designed for consistency in reports and downloads
This means the Market Value Estimate remains stable unless a new export is generated.
Why the Values May Differ
In most cases, these two values should be relatively close. However, differences can occur when:
New sold comps enter the market after an export
There is increased or decreased market activity
Prices shift quickly in a specific area
When this happens, the live Comp Value may reflect newer data that the Market Value Estimate does not yet include.
Best Practice
Use Comp Value when you want the most up-to-date pricing insight.
Use Market Value Estimate when reviewing or sharing exported data that needs consistency.
💬 Questions or need help?
If you have any questions, concerns, or run into issues with ownership data, our support team is here to help.
📧 Email us at: [email protected]
We’re always happy to assist.🤠