Comparable-sale price after appraisal adjustments, used to support a mortgage valuation conclusion.
Adjusted sale price is the price of a comparable sale after appraisal adjustments are applied to make the sale more comparable to the subject property.
Adjusted sale price matters because the raw sale price of a comparable home rarely tells the whole story. One comp may be larger, newer, in better condition, farther from the subject property, or sold in a different market period. The adjusted sale price is the appraiser’s attempt to make that sale indicate what it would have suggested if it were more like the subject property.
Borrowers often focus on the highest nearby sale or the sale closest to the home. In a mortgage appraisal, the adjusted sale prices can matter more than the unadjusted prices because they show how the appraiser interpreted the evidence.
Borrowers usually see adjusted sale prices inside the appraisal report, especially in the grid that compares Comparable Sales (Comps) with the Subject Property.
The term becomes practical when a value comes in lower than expected, when the lender orders an Appraisal Review, or when a borrower considers a Reconsideration of Value. The question is often not just “What did the comp sell for?” but “What did that comp indicate after adjustments?”
| Appraisal grid item | What it tells the borrower |
|---|---|
| Sale price | What the comparable property actually sold for |
| Appraisal Adjustment | The change used to account for a meaningful difference |
| Net Adjustment | Overall adjustment direction after offsets |
| Gross Adjustment | Total adjustment activity before offsets |
| Adjusted sale price | The comp’s indicated value after adjustments |
| Appraised Value | The appraiser’s final supported value conclusion |
Adjusted sale prices do not automatically average into the final value. They are evidence the appraiser weighs along with comp quality, market behavior, and the overall reliability of the comparison.
A comparable home sold for $410,000, but it had a newer kitchen and a larger garage than the subject property. After adjustments for those differences, the appraiser may show an adjusted sale price of $395,000. That adjusted figure may be more relevant to the mortgage value discussion than the original $410,000 sale price.
Adjusted sale price differs from Comparable Sales (Comps) because comps are the properties being compared, while adjusted sale price is the interpreted value indication after differences are considered.
It differs from Appraisal Adjustment because the adjustment is the individual change, while the adjusted sale price is the result after one or more changes are applied.
It differs from Net Adjustment and Gross Adjustment because those terms describe adjustment totals, while adjusted sale price is the resulting value indication for the comp.
It also differs from Market Value. Market value is the broader value concept the appraisal supports; adjusted sale price is one piece of evidence used in the valuation analysis.