market value

Definition of "market value"
  1. The price a seller would receive for property upon sale in an open market, typically determined by an appraiser using comparable sales in the area
How to use "market value" in a sentence
  1. The appraiser conducted a complete analysis to determine the market value of the house.
  2. Despite the homeowner's emotional attachment, the market value of the property was quite low.
  3. In real estate, market value can dramatically fluctuate based on economics and trends.

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