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How Accurate Is the Zillow Zestimate? The Truth Behind the Numbers

The Close

Cue the Zillow jokes (my favorite: the “a” in Zillow stands for accuracy), but love it, hate it, or really really hate it, the Zestimate is here to stay. But just how accurate is the Zillow Zestimate? And how can we use it to our advantage as real estate agents? What Is the Zillow Zestimate?

Agents 105
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Don't Be Fooled By The Inaccuracy of Zillow Zestimates

Realty Biz

In the digital age, Zillow has become a go-to platform for individuals looking to buy, sell, or assess the value of real estate. At the heart of Zillow's appeal is its incredible database of valuable real estate information. Their 'Zestimate' is an estimated market value for a home. The Zillow robot won't have any clue!

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What Should You Not Say When Selling a House: An Agent’s Guide

The Close

‘You Have Horrible Taste’ Homeowner who loves a cat theme (Source: Zillow Gone Wild ) Your seller has taxidermied every cat he has ever owned and placed them around the house. . How about just one taxidermied cat, you suggest? We have a whole article explaining what a Zestimate is and how (and why) it’s often wrong.

Staging 97
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What Should You Not Say When Selling a House: An Agent’s Guide

The Close

‘You Have Horrible Taste’ Homeowner who loves a cat theme (Source: Zillow Gone Wild ) Your seller has taxidermied every cat he has ever owned and placed them around the house. . How about just one taxidermied cat, you suggest? We have a whole article explaining what a Zestimate is and how (and why) it’s often wrong.

Staging 94
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Comparing Zillow and Redfin Market Value Estimation

Realty Biz

Many people are choosing to make use of home estimate websites like Zillow or Redfin to conduct their research. So, we thought we’d take a brief look at how these two stacks up against one another. . This matrix of data is what powers Zestimates , via algorithmically generated estimates of home values based on this huge pool of data.

Marketing 113
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Zillow boosts Zestimate accuracy with neural networks

Realty Biz

Zillow has made some big updates to its Zestimate home valuation tool, enhancing its algorithms to allow it to react faster to market trends. The changes improve its national median error rate to just 6.9%, an improvement of almost a full percentage point, Zillow said.

MLS 68
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Homebot Review: Pricing, Pros & Cons for Real Estate Agents

The Close

Listen, we’ve all been cautious of predictive analytics in real estate—looking at you, Zestimate! People want to know what the value of their home is—Homebot keeps them off Zillow and engaged with you on a monthly basis. You might not be able to keep leads off Zillow, but you can still provide better insights while they browse it.

Agents 93