I saw an estimate for my house value on Zillow. Is it accurate?

Author: Scylla Technologies

Probably not. In Atlanta, 99% of Zillow’s estimates (“Zestimates”) are within 20% of the actual market value. That’s a huge margin of error. About 86% of the time they are within 5% of the actual value, but this is quite difficult to determine unless you dig deeper.

Zillow is a great tool; it gives instant access to public information previously only available to agents. The best thing you can do when evaluating the accuracy of a Zestimate is to look at homes that actually sold within 6 months that are identical or very similar to yours, and in the same 5-mile radius or subdivision.