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What is a Zestimate

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Published on May 25, 2012

The Zestimate home valuation is Zillow's estimated market value, computed using a proprietary formula. It is not an appraisal. 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. To learn more about the Zestimate, visit http://bit.ly/4xegNV.

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  • LydiaMay Richey

    Forgot to mention, I have seen this same problem with houses I have looked at and one even had an offer in on. It was a 6000 sq foot house, including the unfinished attic. They only show 1998 for the main floor. Since they should not include the attic since it was unfinished, they at least should have shown around 4000 for the two finished floors. They also showed it pending with an old offer, ever before ours and that was not updated. People are relying on this information to be correct.

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  • LydiaMay Richey

    Your zestimate was based on WRONG information. You show square footage for only one floor. I have corrected the square footage on your screen but you have not changed the zestimate to correspond with the correct information. How long does that take? It is misleading the way it is right now.

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