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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.
Zillow publishes Zestimates for more than 104 million homes across the country. The Zestimate formula uses hundreds of data points for each home to come up with a number representing the likely selling price of that home. How accurate is a Zestimate? Zestimates are generally quite accurate.
Key Takeaways: 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.
Realtor.com heavily relies on MLS data and public records, whereas Zillow integrates user-submitted information and broader market trends. Each platform may also interpret local market conditions...
Enter your address to get your free Zestimate instantly and claim your home, or request a no‑obligation market value offer from Zillow.
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 for off-market homes has a median error rate of 7.3%. The Redfin Estimate for off-market homes has a median error rate of 6.94%. “The accuracy for an on-the-market home is better...
Zillow never claims to be 100% accurate. If all the homes within a six-block radius are very similar to each other, a Zillow estimate will be much more accurate, perhaps within 10%, because there are not enough specific variances to throw it off.
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.
The recent shuttering of Zillow's home-flipping arm casts doubt on the accuracy of Zestimates. Zestimates are home valuations determined by a secret combination of public and user-submitted...
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