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Old 02-27-2021, 11:02 AM
 
Location: Tijuana Exurbs
4,266 posts, read 11,079,414 times
Reputation: 5416

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Quote:
Originally Posted by saibot View Post
Wow, I expected some variation, but a range of $113k is a lot more than I expected.
Saibot, I beat your spread! Mine is wackier. (see below)


Xome: $574k
Homes: $691k
Redfin: $717k
Zillow: $739k

The average of the 5 estimates is $674.8k with a $165k difference between top and bottom.

If I toss out the top and bottom and average the middle 3, the number is $687k. I may go with that as my "official" estimate for February 2021.

Last edited by Yac; Today at 12:57 AM..
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Old 02-27-2021, 11:07 AM
 
Location: Western Washington
11,352 posts, read 10,099,756 times
Reputation: 18989
Quote:
Originally Posted by kettlepot View Post
Saibot, I beat your spread! Mine is wackier. (see below)


Xome: $574k
Homes: $691k
Redfin: $717k
Zillow: $739k

The average of the 5 estimates is $674.8k with a $165k difference between top and bottom.

If I toss out the top and bottom and average the middle 3, the number is $687k. I may go with that as my "official" estimate for February 2021.
Quote:
Originally Posted by fishbrains View Post
For me,

Zillow $481,000
Redfin $372,000
Homes $612,000

based upon the sales in the neighborhood, my guess is that Zillow is probably the closest, but might be a bit low.
My spread was $240k from low to high. Redfin might be undervaluing my home by 40%, or Homes overvaluing by 65%. I could purchase a house with just the difference in opinions!

Last edited by Yac; Today at 12:57 AM..
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Old 02-27-2021, 01:47 PM
 
Location: Dallas, TX and Las Vegas, NV
6,853 posts, read 5,742,055 times
Reputation: 15443
My most expensive property

Xome: $579,000
Zillow: $603,988
Redfin: $603,065
Homes: $624,446
Movato: $572,364

Actually, knowing the finishes and upgrades, I believe $700K is the real market value. But interesting that Zillow and Redfin are so close.

My least expensive property:
Xome: $179,912
Zillow: $201,448
Redfin: $144,755
Homes: $187,257
Movato: $147,312

I think Homes is the best reflection of market value for this property.

Amazing amount of % differences!
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Old 02-27-2021, 03:34 PM
 
Location: Phoenix, AZ > Raleigh, NC
16,943 posts, read 22,060,422 times
Reputation: 28357
Quote:
Originally Posted by Jkgourmet View Post
My house:


Zillow $467,666
Redfin $440,790
Xome $459,699


What's most fun about this? Xome says we paid $40,300 in 2013. Redfin says we paid $897,000 for it in 2013. Neither are correct.
Homes.com $440,900

And RealtyTrac has $631,800. Given that 58% increase, we'd grab a few personal items, a suitcase full of clothes, the dog, and run straight for the closing office.

Both sites have the price history even more erroneous than the others.

Last edited by Yac; Today at 12:57 AM..
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Old 02-27-2021, 08:39 PM
 
2,142 posts, read 2,220,652 times
Reputation: 2434
Estimates

Redfin $950K
Realtor $1.15M
Zillow $1.29M

What could I actually sell it for? $850K if I found just the right person.

It's a 1950s house in a neighborhood of 2010 mansions. The algorithms. . .ain't perfect.

Last edited by Yac; Today at 12:58 AM..
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Old Today, 03:43 AM
 
9,985 posts, read 5,378,001 times
Reputation: 21207
A nearby house I once owned:

Redfin - $564 - 623k
RealtyTrac - $597k
Xome - $606k
Zillow/Trulia - $643k
Realtor - $730k
Homes - $732k

My maximum estimate today being familiar with the area, the house and the current market: $450k, about $200k below the average from the experts.

What was the question again?
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Old Today, 11:08 AM
 
533 posts, read 451,485 times
Reputation: 747
I checked Zillow on my rental property, it's extremely accurate....Off by about 1/2-1% of what I could list and close at.

I looked at Zillow for my primary residence, it's priced about 5-10% more than I think I could realistically get. If I could really sell for the zillow price, that would be great, but where the heck would I move to?? No inventory and crazy prices, plus I don't want to be house poor from upgrading. This residence has probably gone up 70-90k in value in 18 months. It's not my dream home (but is in awesome location), but it fits our needs in terms of square footage.

Redfin sends me pricing on both properties and it's far too low.
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