Comps, or comparables, are similar homes that have sold nearby, recently. We have to use homes that have sold in the last few weeks or months to get an accurate snapshot of the market, and the homes need to be close in both proximity and features. Only 1 story homes, or only 4 bedroom 2 bath homes. Corner lots. Pool or no. In the same neighborhood, or elementary school. Apples to apples comparisions.