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- Zestimates
The Zestimate® home valuation model is Zillow’s estimate of...
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- Zestimates
- How Accurate Is A Zestimate?
- What Is A Zestimate?
- How Is A Zestimate calculated?
- Zestimate Pros and Cons
- More Accurate Ways to Determine Your Property Value
Zillow's Zestimates are intended as estimates. The company says the median error rate for Zestimates is 2.4% for on-market homes and 7.5% for off-market homes. The accuracy of Zestimates varies based on location and the availability of local data. The more publicly available data in a given area, the more accurate the Zestimates in that area will b...
A Zestimate is Zillow's estimated market value for a home. Zillow has calculated Zestimates for around 100 million US homes. Estimator tools are a good starting point to determine your home's value. Knowing your Zestimate can be helpful, but you'll want to compare it with estimates from other top home value estimators.
Zillow Zestimates are automatically calculated using a proprietary formula that merges data from several sources, including public data and user-submitted information. The company uses this information and the same information for homes in the surrounding area and combines it with data it receives from homeowners to come up with approximate valuati...
There are a lot of ways that Zestimates can help both current and prospective homeowners. A Zestimate is free and easy to obtain and allows people to look at an estimated value of a home without having to go through a professional. Home value estimators like Zestimate have become a lot more accurate in recent years, but they aren't a substitute for...
Get a comparative market analysis
A comparative market analysis (CMA)is one of the most effective ways of evaluating a home's market value. To conduct a CMA, a real estate agent compares a property and all of its features to similar current, expired, and sold listings in the area. With this information, they can get a good idea of what local buyers will pay. Home value estimators are a good starting point to gauge your home's worth. But when you're ready to get a more accurate home value estimate, work with an experienced loc...
Get an appraisal
An appraisal by a licensed appraiser is another way to calculate what a home is worth. Appraisals are commonly used by state and local governments to determine the property tax rate and by mortgage lenders to ensure a home is a good investment. Appraised value and market valueare not the same thing. The appraised value of a home can differ from its market value, particularly in a fast-moving market. If a location has a high demand and low supply, an appraisal may not accurately reflect how mu...
The Zestimate® home valuation model is Zillow’s estimate of a home's market value. The Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula. It also takes into account home facts, location and market trends.
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Zillow’s Zestimate is a popular online tool that provides estimates of the value of homes across the US. The Zestimate algorithm is based on a range of factors, including the location and size of the home, recent sales of similar homes in the area, as well as other data such as the number of bedrooms and bathrooms.
Jun 27, 2019 · Zillow calculates Zestimates for more than 100 million homes nationwide. The company's 13 years of experience estimating home values is an important aspect of Zillow Offers®, Zillow's home-buying and selling program, and fulfilling its mission to change the way people buy and sell homes.
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What is a Zillow Zestimate?
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What is a Zestimate® home valuation model?
