Zillow vs Redfin estimates

New
AFEz23

New

AFEz23
Dec 25, 2021 14 Comments

How are the estimates different and which one is more accurate?#housing

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TOP 14 Comments
  • Cisco
    qos2-

    Go to company page Cisco

    qos2-
    They both do not take into consideration the condition of the home and are based on historical data.

    It is a good starting point to get the feel of the market but at the end of the day the home appraisal is the most accurate estimate.
    Dec 25, 2021 5
  • Depends on if the house recently sold. If recently sold Zillow says itโ€™s off by as much as 3%, but if off market for a while itโ€™s off by as much as 7%. Zillow engineers can correct me if Iโ€™m wrong. Redfin seems a bit better but not much
    Dec 25, 2021 0
  • Microsoft
    PoopEmoji๐Ÿ’ฉ

    Go to company page Microsoft

    PoopEmoji๐Ÿ’ฉ
    They both show you estimates that lag the market - which is particularly risky when the market starts cooling. And makes you end up losing bids in a hot market such as the one we are in now. Get a good realtor who has a strong pulse on the market
    Dec 25, 2021 0
  • Amazon
    yyyywye

    Go to company page Amazon

    yyyywye
    Both are not very accurate for the market that some cities have right now. They rely heavily on historical data, which is usually fine except that houses are going up very fast right now in a short period.
    Dec 25, 2021 0
  • Amazon / Eng
    De5i

    Go to company page Amazon Eng

    De5i
    Zillow is higher. I think it's more accurate. But it might be just for current real estate market.
    Dec 25, 2021 0