Is your Zestimate a good estimate?
There's been a lot of debate -- in news stories and more recently on this blog -- about the accuracy of Zillow.com's Zestimates of home values. I'd like to conduct an unscientific experiment, if you'll indulge me: Check out the Zestimate of your home (or a few homes in your neighborhood, if you're living in an apartment complex and would like to play along) and see whether it matches up with your sense of the value.
Yes, yes, I realize your sense of the value might not be entirely unbiased, but do your best. You'll get your Zestimate if you type your address into the "find homes" box on the Zillow front page.
So what do you think?
UPDATE at 8:30 p.m. on 8/10: So far, almost half of you think your Zestimate is about right. Twelve percent say it's way too high, 14 percent say it's a bit too high, 19 percent say it's a bit too low and 2 percent say way too low.
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Comments
For what it's worth, I just recently bought a house for about 342K, and Zillow displays this information. However, it still estimates the house's value to be around 359K. So, to me, the estimate seems to be a bit high.
Posted by: Jimmy | August 11, 2008 9:16 AM
The estimate matched my property tax value
Posted by: Joe | April 3, 2009 3:53 PM
i own a few houses & they where on the market for a while & have contracts So i do know the real value.& i would agree with your survey that Zillow is right about 1/2 the time Which i dont think is very good .they where off by about 20% on 1/2 of them
Posted by: Anonymous | May 31, 2009 12:10 PM