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Old Posted Jun 21, 2019, 10:45 PM
Steely Dan's Avatar
Steely Dan Steely Dan is offline
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Join Date: Jul 2001
Location: Lincoln Square, Chicago
Posts: 22,771
Why do online property estimators produce such wildly different results?

Curious what our home's value might be now that we've been in it for 18 months, I looked it up on zillow and redfin, and there's a $61,000 dollar difference in the two estimates! WTF?

And I'm not talking about the difference between a $1,520,000 estimate and a $1,581,000 estimate. we're
in a WAAAAAY lower bracket; $61,000 represents a very significant percentage of our home's overall value.

Don't these online calculators have the same access to all the same info - recent comps, last sale price, tax assessment info, etc.? How can the estimates be so wildly different only 18 months after a sale? Someone is way off the mark here.

Obviously, I want to believe the estimate that's $61,000 higher, but it all seems like a big farce now.
If a Pizza is baked in a forest, and no one is around to eat it, is it still delicious?

Last edited by Steely Dan; Jun 22, 2019 at 1:06 AM.
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