Keyword Analysis & Research: zestimate

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Frequently Asked Questions

How does Zillow get Zestimate?

Zillow calls their home values a Zestimate. Zillow says they get their price based off a proprietary formula from public and user entered data. If you want to get a more accurate value from Zillow, you can actually change the details of your own house on Zillow.

What does Zestimate mean?

First things first, let’s define a Zestimate. By Zillow’s own account, a Zestimate is the “estimated market value” of a property. By estimated, they mean a home value assigned using proprietary computer algorithms developed by statisticians.

How is Zestimate determined?

It is a starting point in determining a home's value. The Zestimate is calculated from public and user submitted data; your real estate agent or appraiser physically inspects the home and takes special features, location, and market conditions into account.

What happened to Zillow estimates?

Zillow, the real estate website known for estimating house values, said on Tuesday that it would exit the business of rapidly buying and selling houses amid heavy losses and that it planned to let go about nearly 25 percent of its employees.

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