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In that spirit, here's an example of how the Redfin estimate is plain wrong: We bought a house in a VHCOL area in June 2021 for ~1.5 million. I know for a fact that during May/June 2021 before the sale went through that the Redfin estimate for the house was around 1.25-1.30million (perfectly reasonable based on months-old comps and the list ...You can do 70% accurate comps on your own using Redfin and Zillow but the MLS (what the agents use) will always be the most accurate. I've seen the same thing with a house near me listed at nearly double its actual worth. Both Realtor and Zillow have changed their estimates to match something close to the list price.My home was appraised for $554,000 and the home bot says my home value is $526,000. Nothing is more accurate than an appraisal. I just started using it. Not to the dot but pretty accurate. Appraisal is typically going to be higher with it being a sellers market. Homebot will give an estimated valuation based on past trends.Jan 1, 2022 · To understand how this would look for the median home sale price in the US: Current median price: $386,888. Range of Redfin’s off-market estimate: $353,267-$420,509. Range of Redfin’s on-market estimate: $375,204-$398,572. If it seems like a large range, it is. If your home would sell for the national median price, your off-market estimate ... There are a few ways you can estimate the value of your home. One way is to use Chase’s Home Value Estimator on this page. You can also compare your home to similar homes recently sold in your market to get a rough estimate of what your home might sell for. Finally, you can hire a professional appraiser to personally estimate the value of ...Redfin alters its previous estimates. I checked my Redfin estimated value today. It had held relatively steady at around $980K for a year. It did jump over $100K for 24 hours a month ago before reverting. There’s been an expected decrease in their valuation recently. Today’s was significant, so I checked their chart of previous monthly ...According to Redfin, the tool is highly accurate, with a median error rate of 2.28% for on-market homes as of April 6, 2022. Redfin uses multiple listing service (MLS) data on recently sold...When the home sold and its sale price was published, SSRS then compared the estimated values with the actual sales price. 6,338 had closed by November 30. 5,661, or 89 percent of the closed sales, had home-value estimates from both Zillow and Redfin. 5,074, or 80 percent, had home-value estimates from both Homes.com and Redfin.Most of these websites don’t give you an estimated price range, they give you a price down to the dollar and that precision gives their estimates a misleading air of accuracy.How we calculate how much house you can afford. Our home affordability calculator estimates how much home you can afford by considering where you live, what your annual income is, how much you have saved for a down payment, and what your monthly debts or spending looks like. This estimate will give you a brief overview of what you can afford ...From your experience, how accurate are the estimates? The house that we are closing on was estimated at $330k. The dropped the price to $319k the day we were going to offer asking price. There were 6 offers, we did $325k and got accepted. Now, according to various sites the estimate is as low as $317k on redfin, $322k-$340k on Zillow, and in ... Unfortunately, not all house value estimator sites provide the same values, so this guide will explore some of the best home estimator sites that you can rely on. BEST OVERALL: Zillow. RUNNER-UP ...They're more accurate when a ton of similar homes have sold nearby, but even then, they can be off by 10-20%. From my experience RedFin tends to show high/inflated prices. But for my house/area Trulia/Zillow usually show low estimates. But neither can be …In my area, the sold prices are 100% accurate on Redfin, Zillow, County auditor's site, etc. Real estate is a matter of public record. Same thing happened with me. The sold price for my condo was exactly accurate but over the following 1-1.5 years every other condo that sold did so for about $10/30k less than mine.I'm looking at a house and the following estimates are provided by the two companies: Zillow : $574,800.00 Redfin : $519,793.00 The house is listed…After 30 days, when the list price was dropped to $100K, Redfin's estimate showed below the list price by $50K. The house was not sold and taken off the market. When the house was off the market, the Refin estimate showed $100K less than the last list price a few days ago. The house was listed again this week. Redfin's estimate jumped by $150K.There is about a 10% spread between Realtor and the Zillow and Redfin estimates. I’d guess the Zillow and Redfin estimates are more accurate if not slightly high but they are definite in the ballpark. Both Redfin and Zillow are about 2.5% over what I closed at a month ago.Every listing I take I screenshot the Zillow and Redfin estimates the day before we go to market vs once we hit the market. It's so funny how they claim their estimate is so accurate when it significantly changes, almost magically, to within a few thousand dollars of the list price once the listing is active.by doFloridaRight. Redfin and Zillow estimates are WAY different. Will that affect sale? Our house (Southwest Florida) is getting wildly different estimates from Redfin and Zillow. Redfin says our house is worth $286,000, while Zillow says $392,000. The reality is probably somewhere in between... we’re listing for about $340,000 based on comps.Neither algorithm considers buyer desperation. Best way to gWhether different monitoring would not have caught some, unle There is about a 10% spread between Realtor and the Zillow and Redfin estimates. I’d guess the Zillow and Redfin estimates are more accurate if not slightly high but they are definite in the ballpark. Both Redfin and Zillow are about 2.5% over what I closed at a month ago. According to Ron Legrand, a prominent real estate investor, the zest Not too accurate in my area. The empty lot for sale next to me just sold for $770k. It gives my house an estimated value of $728k when it should realistically be around $1.0M-$1.3M. Redfin estimate: $728k Zillow estimate: $1.2M Feb 10, 2023 · Based on company data, Zillow Zestimates are generally more accurate than Redfin Estimates. Redfin carries a median error rate … The problem I see with the Zillow estimate is it es

That's understandable. But Zillow/Redfin/etc are not creating the data. They're getting it from publicly available tax assessment records. And no doubt there are also many inaccuracies with the number of beds/baths, the lot size, types of utilities, etc. Seems odd that square footage was singled out.This isn't necessarily a bad thing though, because you can get them to compete with each other on rates and lender credits. You just need to get a loan estimate to show another lender that they have to match this. Most will do their …An online home value calculation gives a general idea of how much a home is worth. A home appraisal is an official opinion. A lender will usually order an appraisal when you apply for a mortgage ...To understand how this would look for the median home sale price in the US: Current median price: $386,888. Range of Redfin’s off-market estimate: $353,267-$420,509. Range of Redfin’s on-market estimate: $375,204-$398,572. If it seems like a large range, it is. If your home would sell for the national median price, your off-market …

redfin will show an HOA fee of $400 while zillow shows $100 so thats why. HOA fees are not set in stone. They will vary from property to property, and may increase over time. You may also be hit with assessments that the calculators will have no knowledge of. Redfin gave 3801 Jackson just south of the Presidio Wall a valuation of $9,132,710 before it came to market; it sold on MLS for $5,700,000. Zillow was a lot closer on that one, giving it a ...After 30 days, when the list price was dropped to $100K, Redfin's estimate showed below the list price by $50K. The house was not sold and taken off the market. When the house was off the market, the Refin estimate showed $100K less than the last list price a few days ago. The house was listed again this week. Redfin's estimate jumped by $150K.…

Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. Zillow vs. Redfin: Home Valuation Confusion : r/home. Possible cause: If you’re considering selling your home or just want to know its current ma.