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Answers (1)
- Matthew Z CS
- Contributions:446
Hi rich2ragz,
According to our FAQ, What's in this formula?
One eye of newt ... Actually, it's less wizardry than mathematics. When our statisticians developed the model to determine home values, they explored how homes in certain areas were similar (i.e., number of bedrooms and baths, and a myriad of other details) and then looked at the relationships between actual sale prices and those home details. These relationships form a pattern, and they used that pattern to develop a model to estimate a market value for a home.
You can learn more by browsing these resources.
- Zestimate FAQ
http://www.zillow.com/wikipages/What-is-a-Zestimate/
- "What is a Zestimate?" video
http://www.youtube.com/watch?v=_W24tpONmik
- Zestimate Accuracy
http://www.zillow.com/howto/DataCoverageZestimateAccuracy.htm
Thanks for using Zillow!
Matthew
Zillow customer support
According to our FAQ, What's in this formula?
One eye of newt ... Actually, it's less wizardry than mathematics. When our statisticians developed the model to determine home values, they explored how homes in certain areas were similar (i.e., number of bedrooms and baths, and a myriad of other details) and then looked at the relationships between actual sale prices and those home details. These relationships form a pattern, and they used that pattern to develop a model to estimate a market value for a home.
You can learn more by browsing these resources.
- Zestimate FAQ
http://www.zillow.com/wikipages/What-is-a-Zestimate/
- "What is a Zestimate?" video
http://www.youtube.com/watch?v=_W24tpONmik
- Zestimate Accuracy
http://www.zillow.com/howto/DataCoverageZestimateAccuracy.htm
Thanks for using Zillow!
Matthew
Zillow customer support
How do you arrive at yor zestimates?
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