What’s the value of my house if i were to place it on assets? Is it the purchase price of the house?

If you have a mortgage, check the amortization table. This would list the amount owed to the bank.

Asset = Valuation of house - Oustanding Loans​​​

HI anon,

You paid money to buy that house, thus the purchase price is an outflow and a cost to you.

The value of your house is what it is worth (what you will get) should you sell it today on the market to a willing and able buyer. This value will fluctuate over time. Subtract any outstanding mortage from that and that is what you will truly get (I'll simplify by not counting fees, etc).