Estimating the Value of Zillow’s Zestimate

It seems like the popularity of Zillow.com is rapidly growing. I’ve heard a few times lately, “Oh, I’ll just check my home’s worth on Zillow!” These people are referring to Zillow’s Zestimate. The Zestimate provides an estimated market value of a home.  This is done by entering data on the subject home and comparable homes into an algorithm. Unfortunately, the resulting estimate is oftentimes very inaccurate. See the table below, provided from Zillow’s Zestimate Accuracy page.... Read more »