Zillow Advice: Buying Process - How is a market analysis performed? http://www.zillow.com/advice-thread/How-is-a-market-analysis-performed/249803/ Zillow Advice | Zillow Real Estate There are several paramaters ... http://www.zillow.com/advice-thread/How-is-a-market-analysis-performed/249803/ There are several paramaters that are relevant.&nbsp; In this market, it doesn't make any sense to look back past 6 months.&nbsp; Market analysis is based on similarities (number of rooms, etc.) and proximity (same neighborhood).&nbsp; I usually pull nearby sales, pending sales, and active listings.&nbsp; You should consider other factors too; like is it a <a href="http://www.zillow.com/homes/for_sale/fore_lt/">foreclosure</a>, a short sale, how much does the current owner owe on their <a href="http://www.zillow.com/mortgage/">mortgage</a>, etc.&nbsp; A good <a href="http://www.zillow.com/directory/real-estate-agents/">real estate agent</a> can save you lots of money by finding out this info, which will determine the offer that you make. Sat, 27 Jun 2009 14:10:00 GMT http://www.zillow.com/advice-thread/How-is-a-market-analysis-performed/249803/ 2009-06-27T14:10:00Z like property as close as ... http://www.zillow.com/advice-thread/How-is-a-market-analysis-performed/249803/ like property as close as possible.&nbsp; As close in time as possible 1-6 months. Fri, 26 Jun 2009 06:05:00 GMT http://www.zillow.com/advice-thread/How-is-a-market-analysis-performed/249803/ 2009-06-26T06:05:00Z