Definition
Zillow's automated valuation estimate of property value using Zillow's proprietary algorithm and market data.
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Zestimate is Zillow's AVM-based property valuation available for most US properties. Zestimates use algorithms analyzing sales, property features, and market trends. Zestimate accuracy varies; some properties have Zestimates within 5%, others differ by 20%+. Zestimates are not official appraisals.
Pro Tip
Zestimates are directional only; treat as price reference, not official value; get professional appraisals for lending.
Example
Zillow Zestimate of $450,000 differs from appraisal of $425,000; variation is common due to property uniqueness