There seems to be no rhyme or reason to Zillow's zestimates.

Profile picture for mauimommy
We live in a 16 unit townhouse complex. All of the units have identical floor plans.  With no input from any of the homeowners, Zillow has our zestimates varying from $690,000 to $912,500.  Could someone please tell me how Zillow comes up with their zestimates?  
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June 24 2009 - Lahaina
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Answers (4)

Profile picture for Mr Caveat
they probably didn't sell all at once, so it could be the inflation/deflation adjustment. one might have sold in 2004 for 690,000 while another sold in 2006 for 790,000. since zillow calculates each home individually, its guesses would be confused by that fact. you might also have a different tax-base even though your floor plans are identical
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July 18 2010
Profile picture for workabee
This post is a year old hun. Let it die.
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July 18 2010
Profile picture for RealMaui
Congratulations, you just won a cigar!  You have now learned a valuable fact, that there seems to be no rhyme or reason to Zillow's zestimates.
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July 18 2010
Profile picture for katieminkus
Aloha, Maui Mommy. I have no idea how Zillow does their zestimates, however, if you want the most accurate current market value of your house, I would be happy to recommend an incredible Realtor to you on Maui who will provide you with the latest sold comps and a Broker Price Opinion on your unit.[content removed by moderator for being self-promotional]
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June 24 2009
 

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