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Your Zestimate is updated regularly to keep up with fluctuating home values, making it an excellent resource for a free home value estimation. Review the history of your Zestimate and/or the Zillow House Value Index (ZHVI) for your neighborhood in order to to examine house value appreciation in your local market.
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Apr 27, 2023 · While the Zestimate is the estimated market value for an individual home, the Estimated Sale Range describes the range in which a sale price is predicted to fall, including low and high estimated values. For example, a Zestimate may be $260,503, while the Estimated Sale Range is $226,638 to $307,394.
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Dec 12, 2023 · Updated. (Pronounced ZEST-ti-met ) 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. It is not an appraisal and can't be used in place of an ...
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- How Accurate Is The Zestimate?
- Can The Zestimate Be updated?
- How Can Real Estate Professionals Work with The Zestimate?
Zillow publishes Zestimate home valuations for 97.5 million homes across the country, and uses millions of statistical and machine learning models that can examine hundreds of data points for each individual home. To calculate a Zestimate, Zillow uses a sophisticated and proprietary algorithm that incorporates data from county and tax assessor reco...
The Zestimate’s accuracy depends on location and the availability of data in an area. Some areas have more detailed home information available — such as square footage and number of bedrooms or bathrooms — and other areas do not. The more data available, the more accurate the Zestimate value will be.
Yes. The Zestimate’s accuracy depends on the amount of data we have for the home. Public records can be outdated or lag behind what homeowners and real estate agents know about a property, so it’s best to update your home factsand fix any incorrect or incomplete information — this will help make your Zestimate as accurate as possible. You can also ...
Millions of consumers visit Zillow every month. Most understand that the Zestimate is an estimate of the value of a home, and that it should be used as a starting point. When combined with the guidance of real estate professionals, the Zestimate can help consumers make more informed financial decisions about their homes. We recommend that real esta...
How is the Zestimate® calculated? 5 months ago. Updated. Zillow recently updated the Zestimate algorithm to incorporate new enhancements and even more data. To calculate a Zestimate, Zillow uses a sophisticated neural network-based model that incorporates data from county and tax assessor records and direct feeds from hundreds of multiple ...
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What is a Zestimate® home valuation model?
Nov 26, 2021 · The recent shuttering of Zillow's home-flipping arm casts doubt on the accuracy of Zestimates. Zestimates are home valuations determined by a secret combination of public and user-submitted data ...
