Category: Zillow

Are Zestimates Accurate? Nope...but...Understanding the accuracy of Zillow's Zestimates is crucial for both buyers and sellers in the real estate market. This article provides a comprehensive overview, backed by recent data and expert insights, of how Zillow's Zestimate functions and its level of accuracy in 2023. Zestimates are a great help to show market direction but not specific home values. Are Zestimates Accurate? What Is the Zillow Zestimate? Zillow's Zestimate offers an estimated market value for nearly every residential property in the U.S., employing proprietary technology and a sophisticated algorithm. It considers various factors like home features, physical attributes, historical data, tax assessments, market trends, and user-submitted data. Calculation of a Zestimate Zestimates are generated using an automated valuation model that analyzes data from multiple... Read more