How realistic do you think Zillow home price estimates are?
 

Do you think the Zillow home estimate is even close to the value of your home?

Interesting post..some you tube videos from agents have stated Zillow estimates way off esp in the FSBO category.

I do not believe they are very accurate. They have no idea of what the inside of the home looks like.

I would think there would be huge variations in Zillow's accuracy, but from my limited experience, it's been a reasonable, very general, estimate of a home's price range.

A good ESTIMATE.


Usually the details inside are gross. Personal preferences and don't add to the value.


Zillow just uses cost per SF in an area.

Zillow compares prices of sold homes in the general area of your home. I don't believe they take into account the different styles of homes, square footage. or lot size. They don't know if your home is 100% better or less than those sold because it's all done with computer models. That's my humble opinion.

LOL! The villages market analysis put our home at $409,000 but the Zillow Zestimate is $328,000.
NOTE: Zillow is wack!

ugly wallpaper kills value every time.

What is villages market analysis???

I saw our home value change +/-$50,000 over a month or so period. I was watching the house across the street that was not selling. Could not believe a $100,000 difference is such a short period of time, so IMHO, Zillow is not very accurate...........

The Zillow estimate for my house is about 5 percent too high. But, I am a little suspicious of the independence of Zillow. Last year, a house on my street was listed by an outside Realtor. The asking price was more than $100K above the Zillow estimate. Within a week of the house being listed, the Zillow estimate increased by almost $100K. I just wonder how that happened.

Zillow uses Selling Price in their model.


Too much work for Zillow to use Sales Price.

Tell The Villages you are thinking about selling. They will send in a SWAT Team and give you a price.

Depends on if you are buying or selling. If selling, I am hoping they are very accurate. :-)

According to a Forbes report, Zillow estimates are within about 1.9 percent of the selling price, when comparing sales prices to the Zillow estimate.

New Zillow Zestimate Accuracy