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Updated about 11 years ago on . Most recent reply

How does Zillow calculate housing values?
How does Zillow calculate housing values?
Most Popular Reply

In one word it's, "MAGIC".
Honestly I don't know the details of their algorithm, but I can guarantee it is based partially around the following 2 things, recent sales and tax assessments.
More important is how accurate are these Z'estimates? In my experience they have been pretty much dead on except in a few instances with outliers and houses with functional obsolescence.
For instance, I sold my first house a little over a year ago.
Zestimate: $203k
Listed: $220K
Sold for: $205K
Hope this helps!