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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.
- Redfin Estimate
A Redfin Agent can provide a free, professional estimate...
- Get a Free Home Value Report
Request a no-obligation Home Value Report from Redfin. Get a...
- Owner Estimate
The Owner Estimate tool allows you as the homeowner to...
- Redfin Estimate FAQ
Below are answers to some commonly asked questions about the...
- Redfin 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.
Request a no-obligation Home Value Report from Redfin. Get a free property valuational estimate from a Redfin Real Estate Agent. Find out what your home is worth with a market analysis from an expert.
- How Redfin’s Home Value Estimator Works
- Should I Trust Redfin’s Home Value Estimate?
- How Accurate Are Redfin Estimates?
- Redfin Home Value Estimator: Pros and Cons
- Home Value Estimators vs. CMA
- How Redfin’s Home Value Estimator Compares
- Alternatives to Redfin’s Home Value Estimator
- Why You Should Trust Us
- Related Articles
Like other home value estimators, Redfin uses recent sales data from your local multiple listing service (MLS): the system most brokers and realtors use to market and sell homes. Redfin claims it uses more than 500 data points about your market, neighborhood, and your home to determine your property’s value. Those data points include your home’s ke...
We dug deeper to see how Redfin determined our home’s fair value by viewing its choices of comparable home sales or “comps” for short. Comps are recent home sales that most closely match the subject property’s location, size, and condition. Real estate agents, brokers, and appraisers use comps as the primary way to determine a home’s value. Overall...
Redfin median error rate
Redfin claims that it has a median error rate of 6.47% for off-market homes and 2.09% for on-market homes. On average, most home value estimators have a similar median error rate of 2–7%. That error rate means your home value estimate may be off by tens of thousands of dollars — especially on pricier homes. Redfin’s accuracy also depends on where you live and is far less accurate in some states. For example, Redfin’s median error rate for off-market homes is just 3.91% in Colorado. But that f...
Redfin’s accuracy for off-market homes
Redfin’s accuracy for off-market homes varies widely by state. Ultimately, Redfin’s home value estimator works best in markets with plenty of recent home sales, as it has access to more home sales data. Like other estimators, Redfin’s data is far more accurate for homes currently listed for sale.
Redfin home value accuracy tool
Use our tool to see how much your property may be worth based on Redfin’s national median error rate of 6.47% (off-market homes). Keep in mind that 6.47% is Redfin’s median error rate for all markets, and your market may have a higher or lower error rate.
Fast and easy to use
Redfin provides homeowners with a free home value estimate within seconds. You don’t need to insert your contact information to get your home value estimate. Most on-market and off-market properties come with a Redfin Estimate directly on the listing page. However, you do need to provide and verify your email address to claim a home and edit its facts.
Accurate compared to peers
Redfin’s median error rate for on-market homes is 2.09%, which is on the low-end compared to its peers, ranging from 2–7%. Currently, Redfin is more accurate than Zillow, which has a median error rate of 2.4%. However, Redfin is far less accurate for off-market homes, with a national error rate of 6.47% and as high as 12% in some markets. » MORE: Zillow vs. Redfin: Which Estimator Is More Accurate?
Home values are updated frequently
Redfin says its home value estimates are updated daily for homes currently listed for sale and weekly for off-market homes.
We put Redfin’s tool to the test, comparing its home value estimate with our own based on publicly-available comparable sales data. For our example, we used a random off-market, single-family home in Summerville, South Carolina. The subject property has three bedrooms, three baths, and just over 2,000 square feet of living space. Redfin has determi...
Redfin vs. Zillow
Redfin’s home value estimator is pretty similar to Zillow. However, Zillow’s estimator is currently more accurate for both on-market and off-market homes. Zillow’s estimator also covers more properties compared to Redfin’s, which isn’t available in many rural areas or markets with relatively few recent home sales. » MORE: Redfin vs. Zillow breakdown
Redfin vs. Realtor
Realtor claims its value estimator uses data from mortgage lenders, which it says makes it more accurate compared to its peers. However, unlike Redfin, Realtor doesn’t publish a median error rate, so it’s hard to compare its accuracy. We also ran several subject properties through Realtor’s estimator and found them to be slightly less accurate compared to Redfin, Zillow, and our estimates.
Redfin vs. Chase
Chase is one of a few major banks offering a free online home value estimator, and its website makes it fast and easy to get a quick estimate. The bank claims that it uses “millions of home records” in its database to determine your home’s value estimate. However, we tested its estimates on multiple properties and found them to be mostly inaccurate, as it regularly uses outdated or irrelevant sales data. » LEARN: Why Chase’s home value estimator falls short
Compare estimates from multiple sites
Home value estimators have seperate algorithms and often pull different comparable home sales. Given the wide range of home value estimates we received,it’s a good idea to plug your address into multiple estimators, compare your estimates, or calculate an average value. » MORE: What are the best home value estimators?
Request a free CMA from a real estate agent
Redfin is useful for a quick ballpark home value estimate, but it’s not a substitute for a professional CMA report from a local, experienced real estate agent. Real estate professionals have the best understanding of recent home sales, current market trends, and how to value homes in your local market. Realtors can also give you credit for any upgrades or repairs you’ve made since purchasing your home. » GET A CMA: Connect with a top-rated local agent
Order a pre-listing appraisal
Appraisals are ordered by home buyers during the sales process. But you can order one before listing your home to help you determine its fair value. An appraisal will likely provide you with the most accurate home value estimate. However, you have to pay for an appraisal ($350–500), and it can be a time-consuming process (1–2 weeks or longer). » LEARN: Should I get an appraisal before selling?
Real Estate Witch’s mission is to provide accurate, actionable, and practical information you can use to make better decisions on your real estate journey. To create our home value estimator reviews, we spent several weeks testing out every online home value estimator. We ran home valuations on random properties in multiple markets, comparing our n...
Best Home Value Estimators:Free home value websites like Redfin and Zillow provide a ballpark idea of your home’s fair value. We rank the most popular home value estimators. Redfin vs. Zillow:Our head-to-head matchup compares the two most popular home value estimators. We explain how they work, their accuracy rates, and how to use them. Zillow Home...
The Owner Estimate tool allows you as the homeowner to calculate the value of your home by giving you the opportunity to select your own comps based on the recently sold homes in your neighborhood.
Find out what your house is worth with the Redfin Estimate. We look at 100% of the homes on the MLS to give you the most accurate home-value estimate online.
People also ask
What is a redfin estimate?
How accurate is redfin's home value estimator?
How does redfin calculate home value?
What does a redfin report include?
Below are answers to some commonly asked questions about the Redfin Estimate. For more information, go to About the Redfin Estimate, which includes additional answers to frequently asked questions and accuracy rates by metro area.
