How large of an area does the zestimate cover to calculate home values?

Profile picture for user3706151
The zestimate for my home (and throughout my neighborhood) appears to include home values outside of my neighborhood which do not represent actual sales of the homes within my neighborhood.  This is causing the homes in my neighborhood to zestimate at $15 to $25 less per sqft.  Actual home sales in my neighborhood are around $100 - $110 per sqft, according to Zillow, where my home (and neighbor's homes) are around $85 per sqft.  How can Zillow change to become more accurate?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

May 11 2012 - Greer
 Email Share
 RSS
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (1)

Profile picture for Sharon Lewis
Great question, what a zestimate is not is what an appraiser would use to get todays market value for your house or what a comparative market analysis that a Realtor would use . It is still , even using algorithms etc, an estimate and will not, as you say, represent actual sales in your neighborhood.One of the other problems is Zillow cannot go into a house and take into account upgrades like wood floors,new roof,etc and just the quality of the exterior and interior of the home.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

May 11 2012
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion
Related Questions
Profile picture for wetdawgs
QuestionZiloestimate Low?
  • Latest answer by wetdawgs
  • March 26
Profile picture for Sharon Lewis
QuestionHow large of an area does the zestimate cover to calculate home values?
  • Latest answer by Sharon Lewis
  • May 11 2012
Related Articles
GuideReady to Trade-In Your Home?
GuideWhy a professional appraisal is wise
GuideZillow Home Value Index vs FHFA and Case-Shiller
GuideVariable or Value Range Pricing for Homes
GuideHow to Prepare for a Rainy Day
Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

Homes for Sale
  1. 229 Ashley Danielle Dr, Duncan, SC Home For Sale
    229 Ashley Danielle Dr, Duncan, SC 29334

     For Sale: $102,500

    • Beds: 3
    • Sqft: 1497
    • Baths: 2.0
    • Lot: 7405
  2. 135 E Main St, Duncan, SC Home For Sale
    135 E Main St, Duncan, SC 29334

     For Sale: $45,000

    • Beds: 2
    • Sqft: 900
    • Baths: 1.0
    • Lot: 10890
  3. 4 Sequin Ct, Greenville, SC Home For Sale
    4 Sequin Ct, Greenville, SC 29615

     For Sale: $334,900

    • Beds: 3
    • Sqft: --
    • Baths: 4.0
    • Lot: 8712