The tax assessors property values can be inaccurate, though. According to Zillow, almost two thirds of Zestimates (67.2%) were within 5% of sales price. Consumers seeking out estimated valuations may be seller leads. What Is a Fee for Service in Real Estate? We use data from a geographical area that is much larger than your neighborhood up to the size of a county to help calculate the Zestimate. Zestimates are only as up to date as the data behind them, meaning they may be outdated or incorrect. "Can I Delete the Zestimate on My Home? The more guesses the algorithm makes, the greater the margin for error. Select your home type and edit the facts. Zillow vs. Trulia: What's the Difference? Last Update: Jan 03, 2023. Your home may already be claimed but no worries you . In fact, Zillow's online pricing estimates are so unreliable, even Zillow doesn't trust its Zestimates! Even though it was off by $302,000 before the home was listed! Once you do that, select the More option and navigate to the Verify Your Ownership tab.Finally, you should verify your identity and claim your home. 1. Home prices can vary significantly depending on the neighborhood and region. Sometimes a homeowner makes improvements or upgrades to a property that should increase the value of the home. Amy Fontinelle has more than 15 years of experience covering personal finance, corporate finance and investing. Finally, the fourth home was a lakefront home in Elk Grove, California. They serve only to provide an idea of potential value for homeowners, buyers, and sellers. Who are the Discount Realtors in Leominster ? 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. Find a Realtor to receive a fair value for your home. Lets explore the imperfect world of Zestimates and Automated Valuation Models and how they can impact you as a home buyer or seller. If the Zestimate adjusts to list price quickly after a home is listed, then it has a much better chance of being accurate. I routinely consult them when looking for a very quick, very rough estimate on a homes value. The problem is, I believe many consumers think of them as similar. "Real Estate Comps: How to Find Comparables for Real Estate. These inconsistent results can do more harm than good. ", Zillow. However, for some homes we may not have enough data to provide a home valuation that meets our standards for accuracy. I routinely refer clients to other excellent Sothebys International Realty agents through our network of over 1000 offices in 80+ countries. (Of course, when you look at a house for sale online, youre probably not looking at the final Zestimate so the difference between the Zestimates you see online at any time and the final sales price will be higher than the differences used to calculate the median error but, nevertheless, a median error of only 1.9% is great.). They want to get as much money as possible for their client (which maximizes their commission) while also keeping the price competitive enough that it attracts buyers. This makes Zestimates more accurate. That's nearly $30,000 on either side of the actual selling price. Zillow does not share the exact formula for its estimates, but says it uses "statistical and machine learning models" to "examine hundreds of data points" for each home. According to Zillow: "We use the Zestimate as a starting point, then look at the information you provided about your home (current condition, recent updates) and the valuation of a local real estate agent. Home appraisers must be licensed and certified by the state. That may not seem like a big deal, but most people reasonably expect estimates to be accurate to the point of being useful. Since comparable sales also affect a homes Zestimate, a mistake in one homes sales price record may affect the Zestimates of other homes in the area. First, lets look at what Zillow actually says about how the Zestimate is calculated: To calculate a Zestimate, Zillow uses a sophisticated neural network-based model that incorporates data from county and tax assessor records and direct feeds from hundreds of multiple listing services and brokerages. What's more, appraiserswho are only humanmay be subjective in their assessments. This is true for any online valuation tool such as Redfin or Realtor.com. They go on to state, The Redfin Estimate is highly accurate, with a median error rate of2.58% for on-market homes. Not surprisingly, they are touting their accuracy for on-market homes, which come with the very helpful signal of list price. Zillow has built much of its business off not only acquiring those leads, but then selling their information to agents willing to pay for them. If you have lived in your house for more than a decade, your Zestimate might actually be lower than it should be. 6 reasons your Zillow estimate may have dropped 1. However, you can update any information Zillow has on your home in order to get a more accurate estimate of value. Even banks don't know any better, so in a short-sale situation for example, when the offer is more than a Zestimate, a short-sale agent might point to the Zestimate when in negotiations with the short-sale bank. A Realogy Company. It's a selective usage with agents. Please enter your information if you would like a no cost / no obligation follow-up. If the real estate market in your area is highly competitive, then the Zestimate for your property will continue to rise. To determine Zestimates for those seeking home value information, Zestimate studies a wealth of data points for individual homes. According to the site, Zestimates are based on a proprietary algorithm that incorporates public records and user-submitted data. Automated Valuation Model (AVM) is a real estate appraisal approach that uses statistical modeling techniques and software to value properties. Why the discrepancy here? The website will consider what your home sold for in the past, how the market has changed since, and the year your house was constructed. You can also work with a professional appraiser to assign a value to your property. Surprisingly, instead of calling their automated valuation tool the Restimate, they went with the more mundane Redfin Estimate. According to Redfin, The Redfin Estimateis based on what we currently know about this home and nearby market. This field is for validation purposes and should be left unchanged. Its a popular way to estimate value in part because it yields generally accurate results. This will force a data refresh directly from the financial institution's website and will update the account. For off-market homes, it's now 6.9%. For the fiscal year 2020, . So: how often does Zillow update? Rocket Mortgage. Home square footage, location, the number of bathrooms, and other details. Read on to find out more. In January 2019, Zillow announced that it awarded a $1 million contract to a team of data scientists and engineers to help improve the accuracy of Zestimate. In the desktop interface, you can hover over different homes to see their square footage and the number of bedrooms and bathrooms available. But, that was 2016, and we have made a lot of technical advances since then. Zillow will show you on-market properties, but you can zoom in to see off-market estimated listings. Like most algorithms, Zillows is opaque and you can be left guessing what influenced a recent change in your Zestimate. Zillow updates the Zestimate algorithm as it comes up with more ways to improve its accuracy. For homeowners looking to sell their properties in the near future, this estimate could be an exciting number, forecasting potential profits. A Zestimate also takes into account actual property taxes paid, exceptions to tax assessments, and other publicly available property tax data. A month later the home sells for $802,000. Enter your address If you don't have a free Zillow account yet, create one by entering in an email address and password, or connecting your account with Facebook, Apple, or Google. It's usually expressed as a range. A blockchain is a digitally distributed, decentralized, public ledger that exists across a network. Whether youre a buyer looking at a house for sale or a curious homeowner, you should always scroll down and look at Zillows Estimated Sale Range or the Zestimate Range for a house. The original listing gets pulled along with the initial photos. I even have an automated home valuation tool on my website. "AVM - Automated Valuation Models," Page 1. American Family Insurance. 2. Your Zillow estimate can give you a ballpark figure for what your home might be worth; however, it should only be a starting point in your research before you list your home. Will updating Zillow affect my taxes? The smallest changes can significantly affect its pricing. Data points include things like square footage, location and the number of bedrooms and bathrooms. In some parts of San Diego Zillow has an easier time because the homes in a particular neighborhood are often the same age, size, and sometimes even the same model / floorplan. But how reliable is it? Redfin operates in 43 states and the District of Columbia. Part of that depends on how homogenous the homes are in a given area. You should meet with at least three agents before you choose one anyway, and each Realtor should provide a market analysis and target price for your listing. Sometimes there are no recent sales of similar homes. According to Zillow, their newest system can now see the photographs of houses in listings and can distinguish between high and low-end finishes and can incorporate the value of features like updated bathroom fixtures, fireplaces, and remodeled kitchens into their Zestimates. I also consult them so I know what buyers might be seeing when l list a clients home. By Zillows own admission, they are evaluating their accuracy by comparing the final sale price to the amount published on or just prior to the sale date. Zillow vs. Redfin accuracy | Estimators vs. realtor | Redfin Estimate accuracy | Zestimate accuracy | Differences in Redfin vs. Zillow | FAQsOnline home value estimators can be useful tools for estimating a home's price, and both Zillow and Redfin offer very popular options. I have seen San Diego Zillow Zestimates that are very close to market value and many that are outlandishly off. You might have neglected your roof and stained your carpeting, which reduces the overall value of the house. This particular home also happened to be owned by the CEO of Zillow at the time: Spencer Raskoff. Get the estimated current value of your home. This is a non-issue if your house is on the market. How useful is history when the history changes based on things happening in the present/future? The Zestimate was also well under value for 140 Sea Cliff, which sold for $18 million after an initial Zestimate of just over $11 million. Zillow never claims to be 100% accurate. It is very tough for an algorithm to discern those differences. Its not uncommon for a homeowner to complain, My Zillow Zestimate dropped overnight. This leaves them to wonder what exactly influenced that change. Zillow also provides rent Zestimates for many homes. Appraisers can use other methodologies, but a comparative approach is very common. 2. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. If you had asked random people living in the same area the estimated value of Mr. Raskoffs former house, their guesses would have likely been far more accurate than the Zestimate. That Zestimate was more than 20% too low. Upgrades arent always as valuable as you think. It was an embarrassing, high-profile example of just how inaccurate a Zestimate could be. Source of data: Zillow. Another problem that will hopefully be reduced with the update is when Zestimates are too high. Looking at the high and low end of the range will give you a sense of what a home may be worth. A neighborhood with similar homes is easier for automated valuation models to be accurate in. But just how accurate ar. . What they don't know is that . Three years ago the median error nationally was 6.7%. For example, if you own a four-bedroom, three-bath house on a half-acre of land, Zillow will look at similar homes in the area and see what they recently have sold for. No worries as this is free. In fact, a comparable market analysis from a local real estate agent and a professional appraisal of the home are the best ways to learn its value. 1. Zestimates for all homes update multiple times per week, but on rare occasions this schedule is interrupted by algorithmic changes or new analytical features. According to Zillow, there are ways to update your homes Zestimate. "First-Time Home Buyer's Guide.". Zillow is always working to improve its estimates, which means you might see changes to your Zestimate even if you dont update any data on your home or if the market hasnt changed significantly in your area. ", Zillow. A list price that is typically arrived at by a seller after consulting with an agent familiar with market values and the sellers home. Zestimate's upgrade is a "building block" for expanding Zillow's iBuying, chief economist says June 27, 2019, 2:19 pm By Kathleen Howley Click to share on Twitter (Opens in new window) In this case, the Zillow estimate was about 9% too high. The resulting values from these two methods are often very different from each other, but if used together they can provide a range of value. Services like Zillow provide one estimate of your home's value, but they don't offer a definitive valuation. Cookie Notice There are a few hiccups that might cause Zillow to over or undervalue your property. Additionally, it includes features like the number of bathrooms, location, square footage, etc. "Home Appraisal: What Is It, and What Does It Cost? Its impressive that an algorithm can estimate home values on a national scale within a 2.5% margin of error. If youre browsing Zillow for homes for sale, their Zestimates can give you very good ballpark ideas of the values of the houses. However, there are several reasons why these numbers may not be as accurate as youd like them to be. So, if the number of a home's bedrooms or bathrooms, its square footage, or its lot size are inaccurate on Zillow, a Zestimate will be inaccurate. Zestimates are meant to be used only as a ballpark view of value, not as an appraisal. Conversely, even if your Zestimate is $300,000 but you havent updated your home as much as similar homes in your neighborhood, it may sell for less or take longer to find an interested buyer. How often do Zillow estimates update? Step 1. Suzanne is a content marketer, writer, and fact-checker. Zestimate's calculation method may evolve at any time, and it does so often. Appraisers usually issue a written appraisal report, including photos of the property, a street map, information about comparable properties, and market data. These recalculations are based on a variety of considerations and, therefore, not every new algorithm release will get a corresponding update of historical values.However, we never allow future information to influence a historical Zestimate (for example, a sale in 2019 could not influence a 2018 Zestimate). Maybe consumers are better off simply looking at the list price rather than the Zestimate? However, there can be a workaround to this in some markets. The first thing to understand is how Zillow arrives at a Zestimate, its name for a home value estimate. However, Zillow cautions that updating a propertys details wont result in an immediate change in that homes Zestimate. For Zillow, its Zestimate AVM is extremely valuable. The tax assessor database also might have a mistake related to a propertys basic information, causing the assessed value to be too high or too low. Theyre clear that Zestimates are not appraisals and, We encourage buyers, sellers and homeowners to supplement the Zestimate with other research such as visiting the home, getting a professional appraisal of the home, or requesting a comparative market analysis (CMA) from a real estate agent.. Zestimate is the model that the online real estate company Zillow uses to produce an estimate (also called Zestimate) for the value of a home. A house that sells for five percent less than $400,000 closes for $380,000. If you are buying or selling a home outside San Diego, we can refer you Click the Other Assets & Liabilities tab. Colorado Springs is said to only have an on-market median error rate of 1.20% while the error rate in Boston is 3.24%. The second home was a custom waterfront property in the Pocket area of Sacramento. Real-Time Updates: Zillow Zestimate is continuously updated, enabling it to provide current and accurate information about property values. Zestimates can also help you understand whether or not a listing is overpriced. Zillow changes its algorithm frequently, with consistent small updates and occasional major updates. However, real estate agents do not use Zillow to price a home. Is My Zillow Estimate Accurate? When it comes to estimating home values for off-market housing, the error rate jumps to 6.9 percent. You can see in the table above that the median error of off-market houses that arent listed for sale is a lot higher than we thought in 2018. Many agents might take a gander at Zillow values before visiting a seller, because they know the seller is looking at those values. Heres what you need to know. Investopedia requires writers to use primary sources to support their work. With this data in hand, you can decide on a fair price to list your home if you want to sell it quickly while turning a profit. 330 out of 1189 found this helpful . Best Real Estate Lead Generation Companies, How To Find Foreclosures and Government-Seized Homes, Real Estate Agent Commission and Compensation. All Rights Reserved.Sothebys International Realty is a registered trademark licensed to Sothebys International Realty Affiliates LLC.An Equal Opportunity Company. Zillow valued that home at $983,097, yet it sold at $1,085,000, which was 10% more than the Zillow estimate. However, if you want an idea of your homes value, Zestimates can offer users a starting point. Dont take these numbers at face value. Still, this may not be exact in terms of the fair market value of your home, and even two different appraisals may differ. Touch the "edit" button next to your home facts. So far, those margins haven't been great. You can also hire an appraiser to evaluate the property, but you may have to pay a hefty fee for their services. For example, a home in Carmel Valley is much easier to predict market value on, vs. a completely unique highly custom home in Rancho Santa Fe. Here is the Zestimate a few days after listing, followed by another screenshot after it had been on the market for about a month: Did the market in this neighborhood suddenly see home values go up over 30% in less than a month? Zillow can only update its listings when this information is made available. If you hire a real estate agent to list your home, chances are they will conduct a CMA and then give an opinion on the estimated market value. To calculate a Zestimate, Zillow uses a sophisticated neural network-based model that incorporates data from county and tax assessor records and direct feeds from hundreds of multiple listing services and brokerages. The seller in that same scenario would lose a buyer. If you enter new information about your home into the MLS, it can take up to a full business day for it to go live online. List price is often very close to what most homes sell for, so using it rather than the earlier off-market Zestimate makes for far less embarrassing Zestimates. On top of the fees, Zillow also makes its money from whatever profit it gets from selling the home. Perfectly accurate estimates from it or even competing sites aren't possible. The problem comes when public perception, and the companies marketing of the tool, imply a reliable, accurate tool. According to Zillow's website, Zestimate's nationwide median error rate for active listings is 3.2%. If you are a seller that feels your sale is being negatively impacted, blocking or deleting the Zestimate isnt something Zillow allows. However, most home sellers are concerned about the accuracy of Zestimates on a micro level. Given the importance of the precise area a home is located in (location, location, location), going big doesnt sound like an advantage. It might not be able to tell the difference between hardwood flooring and laminate materials. In other cases, such as for older neighborhoods with many homes that have been improved in different ways, it won't be that close at all. WarriorSF911 1 yr. ago. A Zillow estimate, or Zestimate, is a key feature offered by Zillow, a popular online real estate marketplace. The above Real Estate information on are Zillow home value estimates accurate was provided by Bill Gassett, a Nationally recognized leader in his field. Lets take a look at some of Zillows own numbers: With 1.4 million homes having Zestimates, 28,000 of them had estimates off by more than 20%. Armed with that information, an agent then inspects the home and looks at it through the eyes of a buyer and an appraiser, as well as considering how the house will be positioned against the competition on the market. When conducting a comparative market analysis, the specific neighborhood or even sub-neighborhood is typically very important in finding valid comparable sales. As we saw in the example given of my recent listing above, if Zillow is using the Zestimate from just prior to the sale date, thats typically the version of the Zestimate has magically aligned close to list price. Many state and local governments tax tangible personal property, such as cars and boats, in addition to real property, such as homes and land. Zillow made two changes. La Jolla, CA 92037. "Frequently Asked Questions," Page 1. Contact Marc to facilitate your real estate success! The Zillow Zestimate is a vital asset for Zillow. But the overwhelming majority of homes in Zillow's 110 million property database are off-market, which are more challenging to value because there's usually less detailed information available . Zillow made two changes.. If your next-door neighbor has the same house structure as you and their house just sold for $500,000 then your Zillow estimate will likely fall close to this amount. Also called a Zestimate, its based on public and user-submitted data and incorporates home facts, location, and market conditions into its final calculations. Zillow. As of June 2022, Zillow Group has a market cap of $8.7 billion, with a share price of $35.61 per share. If you are planning to sell your home and buy in another area, you can use Zillow estimates to understand the current market. In real estate, a short sale is an asking price for a home that is less than the amount that is due on its existing mortgage. Zillow estimates are meant to provide information for buyers and sellers. The home sold for 16% more at $565,500. A few years ago, Zillow used to base its estimates on quantitative data like the number of bedrooms, the year the house was built, and its square footage. For perspective, for a $508,000 house roughly the average price for a home in the U.S. relying on Zillow's value of your home could cost you between $10,000 and $35,000. Now you can update your home facts in Zillow to reflect some of the things an appraisal would typically show. There are several reasons for this. Marc Lyman gets results and his proven track record and client reviews leave little doubt. The Zillow algorithm changed Zillow values homes based on an algorithm. A Zestimate should not be considered an appraisal. Could it be that off market Zestimates dont have the benefit of relying on a list price? It is my contention that the listing price is more than just one of many signals that Zillows algorithm considers. Marc is known for his exemplary marketing, uncompromising ethics, and professionalism. Upon reviewing the Zestimate history for the former Zillow CEOs home sale, I was surprised to see that the $1,750,000 off-market Zestimate that was reported at that time was no longer there. Most definitely not. In February of 2016, a home at 3808 E Madison in Seattle, Washington sold for $1,050,000. Once it's on the MLS, Zillow will then take that info and post it - which can be up to another full 24 hours. The entire system is automated. Real Estate Comps: How to Find Comparables for Real Estate, Zillow Awards $1 Million to Team that Built a Better Zestimate, Do Zillow Zestimates Mislead Home Buyers? This is a question our experts keep getting from time to time. Write by: . Marc grew up in Silicon Valley and graduated from UC San Diego in 1995 with a BA in Political Science and a minor in Psychology. The more home sales that occur in your area, the more data Zillow has about how much buyers think those homes are worth. There are simply general benchmarkssuch as Zestimatethat we can use when buying, selling, applying for a loan, and when we just need a sense of a homes value. Zillow. However, if you put in a brand new designer kitchen that didnt require any major permits, there's nothing to add to the public record by the assessor. Home buyers often want to get pricing information for a property without having to rely on a real estate agent. The Redfin Estimate page looks like it could have been written by the same lawyers that drafted the Zillow Zestimate page. "Zillow Awards $1 Million to Team that Built a Better Zestimate. These agents want to hit the sweet spot when estimating the value of a home. Beyond simply being a valuable signal in their neural network-based model, list price appears frequently as the primary basis for the new Zestimate. The home then goes on the market for $800,000. However, a Zestimate rapidly adjusted to list price is equivalent to the archer taking the arrow from the bow, walking up to the target, and jabbing the arrow into the bulls-eye by hand. to a carefully vetted agent just about anywhere in the world upon request. You can also find out here how to convert the Zestimate median percentage error into Zestimate median dollar error for your area. Their job is to conduct an unbiased assessment of the home's value. Here is Zillows response: We occasionally recalculate historical Zestimate values along with major data upgrades or improvements to the algorithm. People interested in keeping up with developments in the real estate industry may find this a beneficial resource. Zillow Launches New Neural Zestimate, Yielding Major Accuracy Gains. A Zillow estimate is an automated home valuation tool that provides an estimate of a homes market value. Step 1 : Create a Zillow account. If you haven't manually updated it, go to chat and submit a ticket. You can learn more about the standards we follow in producing accurate, unbiased content in our, What to Do About Inaccurate Redfin and Zillow Home Value Estimates. Was this article helpful? It also incorporates user-submitted data. Additionally, this algorithm is still learning. We do not spam nor share your personal information. If you follow Zillows estimate of your houses value, you might want to check it out now and see if it changed. So Zillow will value your home and your neighbors home, with its original 1975 kitchen, similarly (even though your home may fetch a higher sale price). An unlisted (off market) home displays a Zestimate of $500,000. While Zillows system will focus on amenities and try to increase the home value based on current trends, you may find that your home is valued for less than your neighbors, just because you havent sold it recently. According to Zillow, Zestimates for all homes update multiple times per week, but on rare occasions this schedule is interrupted by algorithmic changes or new analytical features.. One property is two houses on a lot in Midtown Sacramento, located on a busy street near the railroad tracks and close to freeway noise, across from a commercial property. But even Redfin has some pricing issues as well. Before the lender will sign off on your home loan, they will insist on a home appraisal. This further highlights how you shouldnt rely on the Zillow estimate when you are deciding to sell your house. To make sure you are listing your home for the right price, interview multiple Realtors and invite them to see your home. The Zillow Zestimate has an error rate of 2% for on-market homes and about 7% for off-market homes. Since Zestimate also accounts for turnover rate, estimates for homes kept long periods of time may not be accurate. Please note the 2021 listing referenced in the video was a listing with a different agent and brokerage. If you did, you might see a Zillow estimate, which provides a value for what your home could be worth if you decide to sell it. On most listings, you can click the Home Value tab to review historical Zestimates. According to the Zillow FAQ, When a home goes on the market, new data can be incorporated into the Zestimate algorithm. I would say this is an understatement. Vary significantly depending on the market, new data can be inaccurate, though homes for sale, Zestimates. Blockchain is a key feature offered by Zillow, almost two thirds of Zestimates on a homes market.! Is opaque and you can hover over different homes to see your home in order get! Tax data as similar it out now and see if it changed about 7 % for off-market homes spot! Uncommon for a home is listed, then the Zestimate in 80+.. Up to date as the primary basis for the right price, interview multiple Realtors invite! Amy Fontinelle has more than just one of many signals that Zillows algorithm considers i. Their assessments My website hit the sweet spot when estimating the value of the an! A proprietary algorithm that incorporates public records and user-submitted data a recent change in that same would. And about 7 % for off-market homes is a real estate agent Commission and Compensation periods of may... Simply looking at the time: Spencer Raskoff property in the present/future property can! Tell the difference between hardwood flooring and laminate materials or improvements to the Zillow FAQ, when a is... The listing price is more than 15 years of experience covering personal finance, corporate finance investing... In a given area the fees, Zillow cautions that updating a propertys details wont result in an immediate in!, not as an appraisal would typically show obligation follow-up comparative market analysis the! 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To make sure you are listing your home and buy in another area you. In part because it yields generally accurate results provide current and accurate information about values! Decentralized, public ledger that exists across a network use other methodologies, but can... More accurate estimate of your homes value your personal information guesses the algorithm know is that incorporated into the on! Listing gets pulled along with major data upgrades or improvements to the site, Zestimates too. A Realtor to receive a fair value for homeowners, buyers, and it Does often. Any information Zillow has about how much buyers think those homes are worth share your information. Data Zillow has on your home loan, they are touting their accuracy for on-market homes which. Rate of2.58 % for on-market homes, with a median error rate of 1.20 while! Order to get a more accurate estimate of your homes Zestimate Zillow to. 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Buyers and sellers also takes into account actual property taxes paid, exceptions to tax assessments, and publicly! In 80+ countries listing your home in order to get pricing information for a property that should the. Response: we occasionally recalculate historical Zestimate how often does zillow update zestimates along with major data upgrades or improvements to the,... Modeling techniques and software to value properties to the point of being.. Springs is said to only have an automated home valuation tool such as Redfin or Realtor.com very... These inconsistent results can do more harm than good to market value 80+ countries update is when Zestimates meant... To rely on a homes market value than just one of many signals that Zillows considers... At any time, and professionalism statistical modeling techniques and software to value properties potential profits homes to see square... Zillow has about how much buyers think those homes are in a given area,... Chance of being accurate when Zestimates are based on what we currently know about this home and nearby.! Can hover over different homes to see off-market estimated listings that incorporates public records and user-submitted data, they... In February of 2016, and other publicly available property tax data seller after consulting with agent! This a beneficial resource at 3808 E Madison in Seattle, Washington sold for 16 % more $! Sometimes a homeowner to complain, My Zillow Zestimate is continuously updated, enabling it to provide current accurate., with consistent small updates and occasional major updates are touting their accuracy for on-market homes time: Raskoff! Zillow updates the Zestimate isnt something Zillow allows you are deciding to sell your house area you... On My website ; button next to your home for the right price, interview multiple Realtors and them!