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The Zestimate’s accuracy depends on location and the availability of data in an area. The Zestimate ’s median error rate for on-market homes nationwide is 3.2%, meaning Zestimates for half of all on-market homes are within 3.2% of the ultimate sale price, and half are not.
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.
14 Ιουν 2024 · Learn how Zillow calculates Zestimate, a home valuation based on an algorithm that considers many factors and data points. Find out the nationwide median error rate, the variations by state and property type, and the strategies to talk to your clients about Zestimate.
Zestimate is a free, instant estimate of a home’s market value based on public data. Learn how Zestimate works, how accurate it is, and how you can provide more information to make it more accurate.
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.
29 Μαρ 2024 · Accuracy of Zestimates. According to Zillow's website, Zestimate's nationwide median error rate for active listings is 2.4%.
Zestimate leveraged a complex algorithm, tapping into public property records, recent sales data, tax assessments, and more, to come up with its figures. Over the years, as Zillow accumulated more data and refined its technology, Zestimate’s accuracy and reliability underwent numerous enhancements.
