The Accuracy of Zestimates – the “Z” Word

Zestimates can be a good starting point, but are not always accurate. Zillow itself says Zestimates are typically within 10%-20% of the actual sales price, but can be off by more in some cases.  On the average home price of $275,000, that could equal $27,500-55,000 too high or too low from a more accurate sales price.

*Factors Affecting Zestimate Accuracy*

1. Outdated information
2. Incomplete data
3. Local market fluctuations
4. Unique property features

*Why Relying Solely on Zestimate May Not Be Ideal*

1. Overpricing or underpricing
2. Misjudging market value
3. Unrealistic expectations

*What To Do Instead*

1. Consult a local agent – ME!
2. Research local sales data
3. Consider factors including condition, location, and upgrades

Stay informed, and always consult a LOCAL expert!  I’m ALWAYS happy to help you in the Central Indiana area – OR – I can help connect you with someone in YOUR area!

House with stacks of money and a rising curve symbolizing rising real estate prices