Profile picture for user7808123

Are Zillow estimates accurate?

Asking prices in zip code 85132 are higher than Zillow estimates. 
  • April 24 2012 - US
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Answers (5)

Profile picture for Dunes ..
  • April 24 2012
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Profile picture for wetdawgs
There are a couple of very useful links from Zillow that may provide background reading related to your question.

1.  What is a Zestimate?

2.  Data Coverage and Zestimate accuracy?

A Zestimate is from a computer model, not an in-person evaluation.   CMAs and appraisals aren't spot on, but hopefully have the benefit of an in person visit.   (My limited personal experience is that CMAs and Zestimates are about as far off, but Zillow at least publishes their statistics).



  • April 24 2012
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Profile picture for NinaHarris
Zillow estimates are computer generated. Unless there are agents working for zillow that physically get into the property, I would tend to say that their estimates are of the general not actual nature. In essence, they are not actual estimates.
  • April 24 2012
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NO zestimates are not accurate. In fact they are notoriously inaccurate due to the flawed assumptions that zillow built into the algorithm. Maybe the fact that the zestimate algorithm was developed by a team with ZERO real estate experience gives a clue to why zestimates are so inaccurate. Add to that zillows lousy track record of data control over the zillions of bits of information it imports from 3rd party information providers and it is a damming indictment of zillows incompetence and total disregard to the owners of the homes that it imposes its unwanted and inaccurate valuations. The time has come for Zillow to be subject to some form of regulation as it cannot be trusted to act in a fair minded way towards homeowners in its greed to make hundreds of millions of dollars profit for its owners. 
  • April 24 2012
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Profile picture for govagent1
They are Zestimates. Not accurate. Some appraisals are not accurate.
For the most part they are.  Neighborhood comperable sales for like kind housing (homes that sold in the last 6 months) are the best way to come to the value of your home.

Zestimates are close in many cases. 
  • April 24 2012
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