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How much is my house worth? Use Redfin's home value estimator to get a free, instant home-value estimate, see nearby sales and market trends, and update your home facts and photos. The most accurate online home estimate.
A Redfin Agent can provide a free, professional estimate based on your home’s unique characteristics, including renovations that may be missing from the MLS. The Redfin Estimate is updated daily for homes that are for sale, and weekly for those that are off the market.
- Redfin vs. Zillow Estimate Accuracy
- How Accurate Are Redfin’s Estimates?
- How Accurate Are Zillow’s Zestimates?
- Home Value Estimate Accuracy Calculator
- How Does A Redfin Or Zillow Estimate Compare to An Appraisal Or A CMA?
- How Redfin Estimates and Zillow Zestimates Work
- How to Fix An Incorrect Redfin Or Zillow Estimate
- Should I Update My Property Information on Redfin and Zillow Before Selling?
- How Do I Get The Most Accurate Home Estimate?
- Related Articles
Redfin and Zillow are the only two real estate websites we tested that provide users with a median error rate. Based on company data, Redfin Estimates are generally more accurate than Zillow Zestimates. Redfin has a median error rate of 6.43% for off-market properties, while Zillow is at 7.49%. To put Redfin’s 6.43% error rate in perspective, a hom...
Redfin Estimates are a good starting point for estimating home values. But like Zillow, they are typically less accurate than a home valuation from real estate agents or a professional real estate appraiser. Redfin home values cover 92 million homes across the United States. It uses more than 500 data points about your market, neighborhood, and hom...
Zillow home values are slightly more accurate than Redfin for off-market properties and active listings. Its Zestimates have a median error rate of 7.49% for off-market homes and 2.4% for active listings. Zillow also covers more properties (104 million) than Redfin (92 million). However, Zillow home values are far from perfect, as its home value es...
Redfin, Zillow, and other popular real estate websites can’t give you a precise home value. But you can use the calculator below for a range of your home’s estimated value. Plug in your Zestimate or Redfin Estimate along with the estimate’s median error rate. The calculator displays a value range that accounts for this expected margin of error. Rem...
Pre-listing appraisals and comparative market analyses(CMAs) are much more accurate than Redfin Estimates and Zestimates. These evaluations involve a real estate professional actually examining your property. An appraiser or real estate agent usually inspects the home’s condition and gathers accurate information, including features that may not app...
Like other similar tools, Redfin and Zillow calculate a home’s estimated value using public data, like tax records, recent property sales from the multiple listing service (MLS), and local market trends. The estimator considers all that information and uses it to approximate the value of features of your home. The more data an estimator has about y...
If you believe your Redfin Estimate or Zillow Zestimate is inaccurate, you can edit your home facts on either site. If an estimate has inaccurate or outdated information, updating your property information should improve its accuracy. On Redfin, visit the page of your property, and click “Edit Home Facts.” This process involves proving that you are...
If you or your agent thinks updating your property information on Redfin and Zillow could help sell it faster, then it’s worth considering. For example, if an estimator has incorrect data about your home that’s causing a low estimate, a buyer who sees that estimate may want to make a lower offer on your home. If Zillow calculates our estimate based...
The best way to estimate your home’s value is to get a professional home valuation from a top local real estate agent. An experienced agent will examine your home to assess its features and conditions. This evaluation, along with their on-the-ground knowledge of your local market, enables them to give you an accurate picture of what your home is re...
Best Home Value Websites: Redfin’s Estimator and Zillow’s Zestimate might be popular, but what other estimator options are out there? Read on to learn more about other home value websites, such as Realtor.com and RE/MAX. Redfin Home Value Estimator Review: Just how accurate and trustworthy is Redfin’s home value estimator? We put its tool to the te...
Apr 11, 2024 · For listed homes, both Redfin and Zillow are 77% accurate within 5% of the sale price. Zillow used to be more accurate than Redfin. But its Zestimate accuracy rates for within 5% of the sale price dropped significantly from 82% in 2021 to 67% in 2022.
- Zillow updates its Zestimates several times a week. However, Zillow rarely updates its accuracy or error rates publicly. Learn more about Zillow Ze...
- A Redfin hot home is a home that Redfin thinks will sell faster than its neighbors. Hot homes are typically selected as "hot" as soon as they are l...
- Zillow is an online real estate company that owns Trulia. Redfin is a discount brokerage that operates redfin.com. Both are based in Seattle and ha...
- Zillow's Zestimate is 67% accurate within 5% of the sales price for listed homes. That accuracy increases to about 98% when estimating within 20% o...
- Zillow's estimates are very accurate (98%) when it's estimating the home sale price of on-market homes within 20%. Zillow's estimates become less a...
- Zillow's Zestimates are less accurate than Redfin's home value estimator. However, neither are very accurate when attempting to pinpoint the price...
Jun 27, 2024 · Both Zillow and Realtor utilize different valuation algorithms, data sources and update frequencies for their property listings. Realtor.com heavily relies on MLS data and public records, whereas Zillow integrates user-submitted information and broader market trends.
Feb 5, 2024 · These estimators utilize algorithms and data analysis to estimate a home’s value. Redfin and Zillow estimators offer homeowners and potential buyers a starting point for understanding the market value of a property. Users input specific details about their homes.
People also ask
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Jan 31, 2024 · Rental Listings. Property Listings. Agent Availability. User Privacy & Security. Final Thoughts: Is Redfin Better Than Zillow. What Is Redfin? Redfin is an online-based discount real estate brokerage headquartered in Seattle.
