Zestimate 187,000 under list price????

The property at 202 Stonehouse Lane, Shepherdstown, WV is a custom built house with 2 acres and a workshop.  All property in Shepherdstown is higher than any where else in the Eastern Panhandle and can't be compared with property outside the 25443 zip code. How can the Zestimate be $187,000 below the list price? This "proprietary algorithm"  needs to be fixed. 
  • July 29 2011 - Shepherdstown
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Answers (2)

Profile picture for Joe Rob

Same here. Zestimate in 70K below actual valuation.  And the drop occured suddenly to all home in the zip code 78253 based on the new algorithm.  The homes in the area are being sold at or near the prior higher zestimate.  The algorithm went from bad to worst. 

  • July 31 2011
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Profile picture for pray1124
I agree!  We're in California, and the Zestimate on our home took a severe nosedive with the newly applied algorithm.  It is now nearly $100K under the appraised value.  Most of the neighboring homes dropped as well, and are way off for the general market in our neighborhood.  I used to love checking in on Zillow, since we are probably just months away from putting our home on the market and relocating.  Now it's a painful experience, between seeing our low Zestimate, and the painfully slow performance of the Zillow website since the new algorithm was put in place.  Please fix this Zillow!!!
  • July 29 2011
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