What's my home worth? — market value of your apartment from a map pin
Anyone about to sell or rent out a flat starts with the same question: what price should I ask? You no longer need an agent to answer it — on the What's my home worth? page, point at your building on the map, pick the parameters and see an estimated market value.
How it works
There is no magic here, only statistics. Prayk assembles a basket of comparable listings around the point you chose: same property type, same deal (sale or monthly rent), similar room count and floor area. The basket is first looked for within 500 metres; if there are too few listings, the radius widens in steps up to 2 kilometres. Adjustments are then applied for area, floor, room count and whether the building is new.
Three numbers, not one price
The result is a range rather than a single figure:
- Quick-sale price — at this level a listing usually finds a buyer fast.
- Market price — the weighted median of comparable listings, the realistic asking level.
- Maximum realistic price — above this you are above the market, and the listing may wait a long time.
For example: a two-room, 65 m² flat in Yasamal with mid-grade renovation, fifth floor of a nine-storey building, returns 179,000 / 197,500 / 235,500 AZN, with 44 comparable listings in the 500-metre basket. Rented monthly, the same flat comes out at 650 / 845 / 920 AZN.
How accurate is it
Every result carries a confidence grade — high, medium or low. It depends on the size of the basket and the spread of prices in it. The grades are not decorative: each was backtested and its median error measured — roughly 8 per cent for the high grade. When the basket is small the system does not hide it: the grade drops, and you treat the number with care.
The page also lists the comparable listings that went into the calculation, with their price and distance. So you can check where the number came from yourself.
District pages
Every district of Baku has its own page — Yasamal, for instance. It shows the district's price level and listing count (9,515 property listings in Yasamal, 6,683 in Nasimi, 6,565 in Narimanov).
One important caveat
This is not a formal valuation. The calculation rests on the asking prices of comparable Prayk listings — what sellers want, not what deals closed at. For a bank loan, a notary or a court you need a licensed appraiser. This tool is for something else: getting your bearings before you publish a listing.
What else is nearby
Cars have their own page: What's my car worth?. All the pricing tools sit in the Prices section — market indicators, brand comparison and the What should I sell it for? calculator. Our earlier piece: Prayk's pricing tools.