Consider the expert opinion of your skilled local Realtor.Consider ordering an appraisal for an accurate reflection of current market value.
Estimations, and professional appraisals have a limited shelf life, perhaps as little as 4 weeks in fast moving markets.
Ultimately market value is determined by what a well-informed buyer is willing to pay for a home, and what a well-informed seller is willing to accept. The key of course is to be well-informed.
In closing, please do not rely on your government property assessment for a fair market value of your property. Do not rely entirely on the buyer’s opinion or the seller’s opinion in an unlisted private transaction for a fair market value. Do not rely on your neighbours, friends, or family members opinions for fair market value of a property.
Do enlist the services of a professional, start with a call to your local Realtor and speak with somebody who has their head in the game.