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The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. It is not an appraisal and can’t be used in place of an appraisal.
The algorithm that powers Zillow’s signature home valuation tool — the Zestimate — is getting an upgrade. Now more accurate than ever, the new Zestimate uses computer vision to analyze photos of a home to understand not just its facts and figures, but its quality and curb appeal.
A Zestimate valuation is a proprietary Zillow tool for getting a free, instant estimate of a home’s market value. The Zestimate is calculated through a Zillow algorithm that crunches data from public property records, tax records, recent home sales in the area, and user-submitted information to come up with an approximate market value for a home.
The Zestimate® home valuation model is Zillow’s estimate of a home's market value. The Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula. It also takes into account home facts, location and market trends.
Where Zillow shines is in the on-market Zestimates, which are based on the list price data and are far more accurate than the off-market Zestimates. However, neither compares to a custom comparative market analysis (CMA) from an experienced real estate agent.
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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.
Zestimates. What is a Zestimate® home value? How accurate is the Zestimate®? Can the Zestimate® be updated? Does Zillow delete Zestimates?