![]() This data isn't available for off-market homes. In the simplest terms, the Zestimate for on-market homes includes listing data that provides valuable signals about the home’s eventual sale price. When a home goes on the market, new data can be incorporated into the Zestimate algorithm. So in some cases that may be the reason for a change in your Zestimate. īe aware that the model that creates the Zestimate factors in changing market trends, including seasonal fluctuations in demand. If data is missing or incorrect, let us know. Unreported additions, updates and remodels aren't reflected in the Zestimate.Ĭheck that your tax history and price history (the sale price and date you bought your home) are accurate on Zillow. To ensure the most accurate Zestimate, consider reporting any home updates to your local tax assessor. If the data is incorrect or incomplete, update your home facts - this may affect your Zestimate. The amount of data we have for your home and homes in your area directly affects the Zestimate's accuracy, including the amount of demand in your area for homes. We also reduced overall errors and processing time in the Zestimate. This means the Zestimate is more responsive to market trends & seasonality that may affect a home’s market value. It’s based on a neural network model and uses even more historical data to produce off-market home valuations. The latest Zestimate model is our most accurate Zestimate yet. What changes are in the latest Zestimate? homes and we publish Zestimates for 104 million of them. Market trends, including seasonal changes in demandĬurrently, we have data for over 110 million U.S. Off-market data - tax assessments, prior sales and other publicly available records On-market data such as listing price, description, comparable homes in the area and days on the market Home characteristics, including square footage, location or the number of bathrooms 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. Zillow publishes Zestimate home valuations for 104 million homes across the country, and uses state of the art statistical and machine learning models that can examine hundreds of data points for each individual home. Zillow also provides a Rent Zestimate estimated monthly rental price. 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. It is not an appraisal and can't be used in place of an appraisal. It also takes into account home facts, location and market trends. The Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula. The Zestimate® home valuation model is Zillow’s estimate of a home's market value.
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