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Just How Accurate Are Zillow's Zestimates?

Why can't you trust Zillow's Zestimate to get the value of a home? The Zestimate's capabilities are much more limited than most people realize.

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If you're trying to determine the price of a home, Zillow's Zestimates aren't the most trustworthy source.

Zillow uses an algorithm to calculate a home's value, and this algorithm uses a very limited number of factors to determine a price. For example, Zillow can't account for a home's location. A 4-bedroom, 3-bathroom house that hasn't been updated in decades and is near the highway will be valued the same as a brand-new home in a quiet cul-de-sac with the same number of bedrooms and bathrooms.

Even Zillow admits that these Zestimates could be off by as much as 15%. That's potentially a $30,000 inaccuracy for a $200,000 home. In fact, Zillow's CEO himself sold his home in 2016 for a whopping 40% less than what the Zestimate said it was worth!

Zillow can't account for a home's location.

The only way to get a true, accurate value for your home is by hiring a professional real estate agent who knows your market inside and out. We've actually even added a home value calculator that you can use for free on our website—you can even email me pictures to get an even more accurate value. To take it a step further, we can actually come out to your home to discuss its value.

If you'd like to know what your home is worth in today's market or you're looking to buy a new one, give us a call or send us an email. We'd be glad to help!

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