The price that is confronted in the market whether we buy or not. The amount actually paid, or to be paid, for a property in a particular transaction. Differs from market value in that it is an accomplished or historic fact, whereas market value is and remains an estimate until proved. Market price involves no assumption of prudent conduct by the parties, of absence of undue stimulus or of any other condition basic to the market value concept. The quantity of one thing which can be obtained in exchange for another.
Money is the common denominator by which real property value is usually measured.
Value is the present worth of future benefits arising out of ownership to typical users or investors.