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Why has Zillow such a low zestimate on my home?

I bought my house for 341,000 and want to sell it, but Zillow has a ridiculously low zestimate for my house for 205,220. Why did it do that and how can I get that fixed?
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January 20 - Charlotte
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Answers (2)


As a Zillow Premier Agent I was invited to attended a Zillow presentation yesterday in Charlotte. At the presentation the Zillow team indicated that the Zestimate was based on generic info from pockets of recent home sales in an area. What it doesn't do is take into account any improvements that you may have made to the home such as kitchens, baths, sq footage, ect. The best way to get a true value on your home is still to call a local realtor. A great saying by realtors in the induistry is that its only a "Zestimate and not a Zappraisal".
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January 24
Profile picture for Francis Ignacio
Hi Traditions11231 -
 
As you may already know, Zestimate is an estimate derived from our proprietary algorithm. It is not an appraisal. It is only a starting point in determining a home's value.  You can click these links to learn more about Zestimate:

What is a Zestimate?

What is a Rent Zestimate?

Zestimate Disputes

How are forecasts calculated?

If you notice that your home facts are incomplete or incorrect, please edit your property's home facts. Once you updated your home facts, it will take up to eight weeks for the new facts to be completely incorporated into the algorithm for your home's Zestimate. A Zestimate is most accurate right after a sale. This is because this is the best indicator of market value. 

You can also visit our Zillow Help Center for other helpful information.

Thank you.

Francis Ignacio
Zillow Customer Support
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January 20
 
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