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Apr 27, 2023 · The Zestimate is Zillow’s estimate of a home’s market value. Find out more about how the Zestimate is calculated and how accurate the Zestimate is.
Zillow publishes Zestimate home valuations for 104 million homes across the country, and uses state of the art statistical and machine learning models that can examine hundreds of data points for each individual home.
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 listing services and brokerages.
Zestimates. What is a Zestimate® home value? How accurate is the Zestimate®? Can the Zestimate® be updated? Does Zillow delete Zestimates? Can I have my Zestimate reviewed if I believe there are errors?
Jun 15, 2021 · This new version of the Zestimate (v.6.7, for people counting) is a reflection of Zillow’s obsession with accuracy and transparency around home values. Fifteen years ago, the Zestimate’s median error rate on off-market homes was 13.6% nationwide.
Jun 14, 2024 · Zillow uses proprietary technology to estimate a home’s market value. The nationwide median error rate for on-market homes is 2.4%, and that of off-market homes is 7.74%. On-market data is based on listing price, description, comparable homes in the area, and days on the market.
A Zestimate is not an official appraisal, but it is a powerful tool for sizing up your home’s market value and planning your next move. Zillow publishes Zestimates for more than 104 million homes across the country.
Jan 16, 2024 · Zillow is a free, useful resource for a quick home value estimate. But it’s certainly not a substitute for a home valuation from a licensed real estate agent. Real estate professionals know how to value your home’s upgrades and improvements and which recent home sales are most relevant to your home.