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27 Απρ 2023 · How accurate is the Zestimate? The nationwide median error rate for the Zestimate for on-market homes is 2.4%, while the Zestimate for off-market homes has a median error rate of 7.49%. The Zestimate’s accuracy depends on the availability of data in a home’s area.
The Zestimate is calculated through a Zillow algorithm that crunches data from public property records, tax records, recent home sales in the area, and user-submitted information to come up with an approximate market value for a home.
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.
12 Οκτ 2023 · This article outlines the accuracy of Zillow's Zestimates. They discuss if they are higher or lower than the true market value of a property. It also discusses what goes into the algorithm for Zillow's Zestimates and how they get to the Zestimate amount.
17 Ιαν 2024 · The accuracy of Zestimates varies based on location and the availability of local data. The more publicly available data in a given area, the more accurate the Zestimates in that area will be. Zillow publishes its data coverage and estimated margin of error for specific areas.
21 Σεπ 2012 · In order to understand how Zestimates and list prices compare in terms of accuracy, we selected transactions that occurred within Zillow’s data footprint between March 1, 2012 and June 1, 2012 and tied these sales back to both the initial list price and the Zestimate at the time of initial listing.
To ensure the most accurate Zestimate, consider reporting any home updates to your local tax assessor. Unreported additions, updates and remodels aren't reflected in the Zestimate. Check that your tax history and price history (the sale price and date you bought your home) are accurate on Zillow.
