Is the Zillow Zestimate® Accurate? 2023 Update
May 19, 2023
These days, anyone interested in selling or buying a home is familiar with the home search engine Zillow and the proprietary Zestimate® formula it uses to place an estimated value on a property. Many times people will be motivated to make decisions about selling their home based on the Zestimate® they discover online. Or buyers may feel like they must offer a certain price based on a number generated by Zillow. But unfortunately, this price estimate can be misleading and has a wide margin of error according to Realtors, other sites, and even Zillow. This might cause you to wonder why Zillow would continue to post the Zestimate® and what is useful for if it cannot be trusted to accurately...