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Zestimate changed dramatically

How is that the zestimate went up by $45,000 within in a one week time frame?  The only thing I changed in the listing was the picture.
  • June 21 2011 - Haverhill
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Answers (4)

  • May 16 2012
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Profile picture for blue screen exile
Zillow changed their algorithm and recalculated all of the estimates from 2006 forward.  They know there are some issues with the present "learning model", especially where there are very few sales, and are quickly working to address those.  Once those are addressed, they will recalculate again from 1996 forward.

Although the new method is better on an aggregate basis, it can be much further off from "present market value" where there are very few sales.

Upgrading the Zestimate
  • June 22 2011
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Profile picture for jaemia
Not that I am aware of.  Even if one house sold nearby I wouldn't think the zestimate on my house would increase that much.

Just wondering if the error is the higher estimate or the lower one.
  • June 22 2011
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Was anything in your area sold recently?
  • June 21 2011
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