Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago on . Most recent reply

User Stats

151
Posts
52
Votes
Katharine Chartrand
  • Real Estate Investor
  • Los Alamos, NM
52
Votes |
151
Posts

How does Zillow calculate housing values?

Katharine Chartrand
  • Real Estate Investor
  • Los Alamos, NM
Posted

How does Zillow calculate housing values?

Most Popular Reply

User Stats

399
Posts
300
Votes
Gualter Amarelo
  • Investor
  • Fall River, MA
300
Votes |
399
Posts
Gualter Amarelo
  • Investor
  • Fall River, MA
Replied

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!

Loading replies...