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The sites will ask verification questions before you can update the information. To date, Zillow has issued Zestimates for more than 100 million homes across the country. Make sure any renovations done to your home are accurate and up-to-date. However, the Redfin Estimate and the Zillow Zestimate aren’t always accurate.
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You can submit those items for consideration by the companies’ customer service departments. However, for some homes we may not have enough data to provide a home valuation that meets our standards for accuracy. In these instances, we do not publish the Zestimate until more data can be obtained. The Zestimate should not be used as the basis of any specific financial transaction because data sources may be incomplete or incorrect. The Zestimate is a starting point and does not consider all the market intricacies that can determine the actual price a home will sell for. The Zestimate’s accuracy depends on location and the availability of data in an area.
How do I find out what my house is worth?
After you type it in, the tool will provide an approximate home value based on Zillow data. From there, you can also use Bankrate to connect with a local real estate agent to get a more accurate estimate, learn about tapping into your home equity or explore options for refinancing your mortgage. Our models can find neighborhoods similar to yours and use sales in those areas to extrapolate trends in your housing market. Our estimating method differs from that of a comparative market analysis completed by a real estate agent. We use data from a geographical area that is much larger than your neighborhood — in fact, we often use all the data in a county to help calculate the Zestimate.
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Mortgage lenders require an appraisal before they will approve your loan. The Zestimate is based on a complex and proprietary algorithm that incorporates millions of data points. The algorithm determines the approximate added value that an additional bedroom or bathroom contributes, though the amount of the change depends on many factors, including location and other home facts. However, if the updates are not significant enough to affect the home’s value, your Zestimate may not change. Zestimates for all homes update daily, but on rare occasions this schedule is interrupted by algorithmic changes or new analytical features.
This, ultimately, is the amount a buyer would be willing to pay for the home. Fair market value is heavily dependent on the state of your local housing market, in addition to the factors listed above. If you see two Zestimates for the same property, please let us know by visiting Zillow Help Center and selecting Submit a request.
While the Zestimate is the estimated market value for an individual home, the Estimated Sale Range describes the range in which a sale price is predicted to fall, including low and high estimated values. For example, a Zestimate may be $260,503, while the Estimated Sale Range is $226,638 to $307,394. A wider range generally indicates a more uncertain Zestimate, which might be the result of unique home factors or less data available for the region or that particular home.
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Some areas have more detailed home information available — such as square footage and number of bedrooms or bathrooms — and other areas do not. The more data available, the more accurate the Zestimate value will be. The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. The Zestimate incorporates public and user-submitted data, taking into account home facts, location and market conditions.
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You may see more than one Zestimate for your address if you are a homeowner with multiple parcels of land. If you officially combine parcels, the county will send us updated information. Yes — Zillow’s team of researchers and engineers work every day to make the Zestimate more accurate.
How Accurate Are Redfin and Zillow Home Value Estimates?
Stay up to date on market changes and find out how much homes like yours have sold in the past year.

The Redfin Estimate is a calculation of how much an individual home is worth on the open housing market. According to Redfin, the tool is highly accurate, with a median error rate of 2.28% for on-market homes as of April 6, 2022. Online tools can be useful for providing a rough idea of a home’s worth. But even the best home value estimators will still have some margin of error. That’s because these tools rely on publicly available data and can’t take into account the specifics of your neighborhood or your house, including any recent renovations or upgrades you might have made.
Since Zillow’s founding in 2006, we have deployed multiple major Zestimate algorithm updates and other incremental improvements are consistently released between major upgrades. The amount of data we have for your home and homes in your area directly affects the Zestimate’s accuracy. If the data is incorrect or incomplete, update your home facts — this may affect your Zestimate. For example, if you have made major additions or renovations that don’t show up in the data that Redfin or Zillow have collected on your home, then their estimates may be too low.
To ensure the most accurate Zestimate, report all home updates to your local tax assessor. Unreported additions, updates and remodels aren’t reflected in the Zestimate. Real estate professionals can also help their clients claim their home on Zillow, update the home facts and account for any work they have done on the property. A home’s Zillow listing is often the first impression for prospective buyers, and accurate information helps attract interest.
It displays basic details of the home, such as the property type, square footage and number of bedrooms, alongside its estimated value. One unique offering here is a value history, showing an estimate of how the home’s value changed over the past 20 years. You can also use the tool to compare the property to similar homes in the area.
You can also note any special features, such as a pool, finished basement, accessibility additions, or waterfront location. To calculate the Redfin Estimate, we combine hundreds of data points about the market, the neighborhood, and the home itself—all to provide you with the most accurate home-valuation tools. Chase's website and/or mobile terms, privacy and security policies don't apply to the site or app you're about to visit.
We can only calculate Zestimates for homes and regions where we have certain data, including historical transactions. This column indicates the number of homes in an area that have Zestimates. If your home is currently on the market and you find information that’s incorrect, collect whatever relevant documentation you have—mortgage statements, tax bills, public records, etc.
The Zestimate is intended to provide an estimate of the price that a home would fetch if sold for its full value, where the sale isn’t for partial ownership of the property or between family members. Our extensive analysis of foreclosure resale transactions supports the conclusion that these sales are generally made at substantial discounts compared to non-foreclosure sales. For this reason, the Zestimate does not incorporate data about these sales. Check that your tax history and price history (the sale price and date you bought your home) are accurate on Zillow. Both companies claim they are highly accurate, with a median error rate of 2.28% for on-market homes for Redfin and a 1.9% error rate for Zillow as of this writing. Online home valuation estimator tools like the Redfin Estimate and the Zillow Zestimate can be useful for buyers and sellers alike, and both claim to be highly accurate.
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