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Answers (4)
Best Answer
- Tonya Brobeck, "Tonya Brobeck"
- Contributions:637
One had to have sold to really affect your value. If it sold less then it's tax assessment then yes, values will drop across the neighborhood on Zillow. Remember Zillow is not an accurate indication of your home's value, occasionally it may be close, in general quite a bit off....
- Rob Graham, "Rob Graham"
- Contributions:171
Active listings shouldn't have any effect at all. Just closed sales.
- Lauren Cassill, "laurencassill"
- Contributions:59
Actually, your tax assessment has nothing to do with your zestimate, however the characteristics on the Assessor's file that describe your home do. Your zestimate is based on recent sales of homes similar to yours. Just remember this is a statistical estimation, not an appraisal.
- John Stewart, "nwhome.us"
- Contributions:2161
The other thing to look for is something that sold that has similar attributes your home in the county records. Current listing prices don't affect the Zestimates.
Did my house just drop $7,500 in zestimate because there's 11 homes for sale on my street?
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