Zillow Home Values Map. While online services like zillow are designed to provide quick and fast answers, it isn’t always ideal for the real estate market. Zillow takes their “zestimates” of home values and divides them by square footage to get a “temperature” from less than $33 up to $700 per square foot.

The zestimate (estimated value) is intended to be used a starting point when determining the value of ones home and not as a replacement for an appraisal or valuation by a real estate professional. Zillow home value forecasts zillow help center. So when someone asks a realtor, “are zillow home value estimates accurate,” you will probably see a look like the one in the picture above.

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While online services like zillow are designed to provide quick and fast answers, it isn’t always ideal for the real estate market. In my experience analyzing zillow home estimates in the northern virginia and washington dc areas, it’s not uncommon to see zillow home estimates sometimes as much as $50,000 over the actual market value. Zillow offers what it calls zestimates, which are estimates of home values based on publicly available information. Zillow is very useful for a number of things in the real estate world such as looking at properties to buy and pulling up a map of the surrounding area, basic information on the home for buying purposes such as number of rooms square footage and taxes, and a good app for smartphones which is useful upon discovering a home while out and about.