<\/span><\/h2>\nThe answer is: It can vary.<\/strong><\/p>\nZillow’s Zestimate is an automated valuation model (AVM) that uses algorithms and public data to estimate a home’s value. While it can provide a general idea of a home’s worth, it’s important to remember that it is not an appraisal conducted by a licensed professional. Therefore, the accuracy of a Zestimate can vary based on various factors such as location, market conditions, and the availability of data.<\/p>\n
According to Zillow, the median error rate for Zestimates in the United States is around 1.9%. This means that half of all Zestimates are within 1.9% of the home’s eventual selling price, while the other half is off by more than 1.9%. However, this error rate can be higher or lower in specific areas or for individual properties.<\/p>\n
It’s important to keep in mind that real estate markets are dynamic and constantly changing. Therefore, it’s always a good idea to consult with a real estate professional or get an appraisal from a licensed appraiser for the most accurate value of a home.<\/p>\n