6 Best Real Estate Comps Software In 2024

Investing in profitable properties is the secret to success in the fiercely competitive real estate industry. Among the myriad methods you could use to evaluate the profitability of a potential investment property, running comparable sales is the most reliable.

Proper comps empower you to gauge the property’s current market value, determine an optimal listing price, and serve as an efficient tool for market analysis. However, manually running comps is nothing short of laborious. Investing in the best real estate comps in 2024 is a strategic move. To simplify your search, here is a list of the best real estate comps software:

• Multiple Listing Service (MLS)
• Realeflow
• Trulia
• Redfin
• Realtor.com
• Property Shark

Before we begin our guide on real estate comps software, we invite you to view our video where Alex Martinez, CEO of Real Estate Skills, provides two reasons why shifting focus to on-market comps on the MLS can lead to getting off-market properties for wholesaling, fixing & flipping, & for even purchasing rental property. Find his lucrative step-by-step process, below!

Multiple Listing Service

The Multiple Listing Service (MLS) is the best software to find comps. It boasts a comprehensive database of property listings, encompassing those sold in the past six months and those currently available in a specified region.

Each listing provides detailed information, including the square footage of the house and lot, the number of bedrooms and bathrooms, and the listing agent’s contact information. Moreover, the MLS is continually updated and offers unique property data not readily available elsewhere, such as the days on the market.

Consequently, MLS comps are the best resource for a comparative analysis since the platform offers access to comprehensive listing data alongside similar properties from the same area, including their listing/sale prices and days on the real estate market. This facilitates effortless comparison, appraisal, and market analysis.

However, it’s essential to note that MLS access is typically restricted to real estate agents. While building collaborative relationships with agents is a viable approach, explore additional avenues by enrolling in our FREE Real Estate Skills classes to discover alternative methods for accessing the platform and maximizing the data it provides.

But don't just take our word for it! Listen to Ryan Zomorodi (Co-Founder & COO of Real Estate Skills) interview Pro Wholesaler VIP Student, Christina, on how she got her first wholesale deal using the MLS (Multiple Listing Service) working with real estate agents & without having to do any marketing! She unveils her step-by-step process and proves how the MLS is the best real estate comps software.

Read Also: How To Get MLS Access In 6 Ways (Even Without A License)

Realeflow

Realeflow is a CRM-integrated platform with real estate comparables software. Realeflow’s comps software pulls active, pending, and recently sold property listings from the MLS (previously relied on Zillow) and public records, providing users with accurate data to run comps on a house. The tool also allows users to focus on specific properties when running comps.

With Realeflow, users can craft and generate real estate comp reports. They may even customize the reports based on individual needs or tailor them to include specific properties. These reports serve as a professional and structured means of conveying information to clients and associates, proving invaluable, especially in sales negotiations for real estate investors like wholesalers.

Realeflow’s comps software also has an interactive map feature that offers users a bird’s eye or street-level view of the area. This tool enables users to conduct a thorough but seamless assessment of factors influencing a property’s market desirability and potential appreciation, such as accessibility, curb appeal, nearby amenities, and overall neighborhood characteristics.

What’s more, Realeflow integrates with Home Depot, allowing users to evaluate a property’s potential ARV based on the costs of renovation materials they may use. This is a precious feature for investors like home-flipping experts and buy-and-hold investors.

Want To See How Realeflow Works? Start Your FREE 7-Day Trial, Today! 

Trulia

Trulia, is a trusted real estate marketplace with active and sold listings. It’s also one of the best real estate comparables websites.

To run comps on a house on Trulia, users can either click the sold button on the homepage and enter the target location or enter the address directly on the search bar. Either way, Trulia will generate a list of recently sold properties in the specified area, each accompanied by an interactive map.

Zooming in on the map reveals details like square footage, address, and selling price. Additional information, such as sale date, property costs, and comparable sales, is accessible by clicking on the listing or map market.

Trulia’s comps are based on the square footage, bedroom and bathroom count, sold date, property type, proximity to your target property, and listing/sale price. The platform also generates additional insights, such as costs associated with the property, and local insights like crime rates. However, not all listings include the comparable sales section. Some feature an off-market homes carousel, which may benefit wholesalers and rehabbers but pose a challenge if you’re explicitly seeking comps.

Redfin

Redfin is a prominent real estate brokerage platform offering one of the best property valuation software.The publicly traded company extracts real estate listings from the MLS, ensuring accurate comps.

While inputting a property’s address only generates a map of active listings, Redfin provides tools to streamline the comping process. Users can apply filters, including the option to focus on sold listings and refine searches based on various time frames, from as recently as last week or as far ago as three years.

The draw function also allows users to delineate a target on the area for more precise comp results. Once satisfied with the results, users can download the comp data to Excel or other spreadsheet software. Overall, Redfin offers powerful free real estate comps software but is, unfortunately, not available in all markets.

Realtor.com

Realtor.com is a real estate listing website sponsored by the National Association of Realtors. The platform enhances the comping process through various filters, allowing users to refine their searches based on property type, bedroom and bathroom counts, home and lot size, and the property's age.

Additionally, Realtor.com organizes the results by the sold date, simplifying the comping process and enhancing accuracy since users run comps based on the most recent market data.

But as with any other best site for real estate comps, Realtor.com isn’t without fault; it lacks an interactive map feature, and you cannot narrow down your results to a specific zip code.

Property Shark

Property Shark is a property listing platform with an incredibly efficient real estate comp tool. Upon entering a property address, the tool promptly generates relevant market statistics and property price sale data based on recent nearby sales. Users can apply filters like zip code, radius, street, date range, square footage, transfer conditions, and building class to enhance precision. This ensures the comp data is tailored to properties closely resembling the one of interest.

Property Shark allows users to export this data to external report platforms like Excel or CSV, streamlining presentation and enabling a personalized market analysis. Each property in the report provides valuable information such as owner contact details, permits, and title history, facilitating a thorough real estate deal analysis.

Why Use Real Estate Comps Software?

The best real estate comps software, as featured in our list, dramatically streamlines the comparative analysis process. Instead of having to collect and analyze data manually, these tools instantly provide data on recent property sales in a target area, allowing you to determine an investment property’s fair market value easily.

The best websites for real estate comps also empower you to generate professional and customizable reports suitable for future market analysis or sharing with stakeholders. This enhances your credibility and transparency in real estate dealings.

Read Also: Real Estate Comps: How To Find Comparable Properties In 5 Steps

How To Choose Real Estate Comps Software

Prioritize the following factors to ensure you choose the best up-to-date real estate website:

• Data accuracy: Opt for real estate comparable software that sources its data from reliable databases like the MLS to ensure you only get comparable home values that are most accurate and up-to-date.
• Filters and maps: The best apps for flipping houses should feature filters and maps, allowing you to fine-tune your search and generate comparable properties with features most similar to the target property.
• Reports: Comprehensive property valuation software should enable you to not only search for comparable home sales but also effortlessly generate and download high-quality comp reports. These reports prove invaluable for both deal and market analysis, as well as stakeholder/client presentations.

Final Thoughts On Real Estate Comps Software

The best real estate comps software significantly eases the process of running comps, freeing up time for crucial activities like deal analysis and lead generation. With offerings from the comprehensive MLS database to customizable reports and interactive maps, these tools not only automate comps but also boost credibility and competitiveness in real estate.

For a deeper dive into real estate strategies and tools, consider enrolling in our FREE training course, designed to enhance your skills in real estate dealings and lead generation.