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Zillow Home Estimate: How Accurate Is Your Zestimate?
"When you consider selling your home or refinancing your mortgage, the first number you likely search for is your property’s current market value. For millions of homeowners, the "Zestimate"—Zillow’s proprietary home valuation tool—serves as the primary reference point. While it is a convenient starting point for gauging market sentiment, understanding the mechanics behind this algorithm is essential for making informed financial decisions. The Zestimate is not a professional appraisal, nor is it an automated valuation model (AVM) that can replace the nuanced insight of a local real estate agent. Instead, it is a data-driven estimation tool th..."
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