Where Real Estate Gets Its Dirt

Anatomy of a Zestimate

Jasjeet Thind writing at Zillow Data Science Blog.

Home Value Estimates:Understanding Their Purposes And Evaluating Their Results

“In the case of the Zestimate modeling framework, which contains numerous submodels, each estimating a home’s value via different valuation approaches and data inputs, our goal of independence means that the listing price is not a factor in any of our valuation submodels.”

Fascinating read on what goes in to Zillow’s Zestimates. I also love the comparison of how Zillow’s methodology differs from Redfin’s AFTER the home comes on the market.

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