Zillow estimates accuracy table (1 Viewer)

[Zegras11]

Since so many of you think this is the Bible.

Check this out
this cuts off the bottom states, but they are all similar.

My state gets a score of 1, mainly because it's a non-disclosure state.
 

 

[Juxtatarot]

People trust Zillow values? 

It’s a good website for what it is but you have to understand its limitations.

 

[Mario Kart]

My house: I normally go to Redfin just to compare numbers. My housing market, I could probably sell for ~170-175. A house across the street sold for 150k and it is smaller by a couple hundred square feet with a smaller yard. I'm no where near selling so they are just fake numbers for now.

Zillow = 171k

Redfin = 167k

Realtor = 155k

 

[heckmanm]

Since so many of you think this is the Bible.

Check this out
this cuts off the bottom states, but they are all similar.

My state gets a score of 1, mainly because it's a non-disclosure state.
 

Mine (IN) also gets a 1. Not sure if it's for the same reason

 

[Zegras11]

People trust Zillow values? 

It’s a good website for what it is but you have to understand its limitations.

I spend 15 minutes before looking at homes educating clients about Zillow and the like.

I just had one tell me the listing on realtor.com was "FHA approved" because when she opened up the window for the payment, which is basically an ad, it had an option for "FHA loans."   She thought that this meant it was FHA approved. 

 

[skol asylum]

Seems pretty accurate in AZ.

 

[-fish-]

I spend 15 minutes before looking at homes educating clients about Zillow and the like.

I just had one tell me the listing on realtor.com was "FHA approved" because when she opened up the window for the payment, which is basically an ad, it had an option for "FHA loans."   She thought that this meant it was FHA approved. 

When I was house shopping, Redfin seemed fairly accurate, while Zillow in my area was consistently way too low (granted, that's a small sample size).   Are there any of these sites that are generally better than others?  I realize that none are going to be completely accurate.    

Just checked because of this thread and Zillow says my house has decreased in value by 2.5% since November 2017; Redfin says it has increased in value by 3%.   

 

[Long Ball Larry]

what is the scale for accuracy?  is 4 good?

 

[GoBirds]

Zillow currently $80,000 lower than the Redfin for my house  

Your really better off looking at recent comps on your own to get an idea....those sites are very inconsistent it seems. 

 

[RC94]

For NYC at least, I prefer Steeteasy over Zillow.  I’m not sure of Streeteasy’s coverage outside of NYC, though.

 

[Rhythmdoctor]

According to Zillow my house is valued about $200k more than what I owe and I just purchased it 2 years ago. I’m gonna speculate it’s not that accurate. I do think I could get $100k over remaining balance but not $200k.