Zillow.com: Free Real Estate Estimates

We’re a little behind the curve on Zillow.com, which aims to do for real-estate shopping and home buying what Expedia did for booking flights. Using an aggregate of data including tax records, sales histories, and other home prices in the region, the site generates legally ambiguous ‘Zestimates’ from just an address—think Google Maps with price tags.

The Wall Street Journal‘s Walt Mossberg and Katie Boehret took a look at Zillow last week and came to very much the same conclusion as we did: It’s far from perfect, but it looks like a great tool for smart home buyers and sellers to use in the coming (happening!) FSBO revolution.

Plus, think how useful this is going to be to find out if the people who dress fancy at parties actually live in a nice place or not. Sadly, it doesn’t work so well in New York at the moment, so we used Joel’s parents’ house for the screenshot. If you rob and murder them this evening, please don’t tell them where you got the address.

Comments

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  1. x23 says:

    it says my house doesn’t even exist. which is weird. because i’m in it.

  2. Treved says:

    Well, my house was indeed listed, though it was rebuilt and resold about 9 months ago. They’re using data from before that.

    Lesson? I’d be careful using this to evaluate anything. The housing market is changing so quickly, how can you use data so old?

  3. Clampants says:

    I’ll admit, i’m hooked…if only because it values my home higher than I had imagined it to be. It has a few not-so-minor things wrong (like, our house is missing a bedroom and a few hundred square feet), but I like the valuation, and the graphs showing value fluctuations are interesting.

    I’ll agree that i’m kind of fuzzy on how…accurate…this data is, but its fun to play with.

    I feel dirty knowing how much people’s homes are worth. Like looking through people’s medecine cabinets…

  4. adamondi says:

    This is awesome. I have been looking for a way to get this kind of estimate for a while, without having to pay for the information. When I want a legally binding, spot-on home value, I will pay an actual assessor. But for curiosity’s sake, this site is great.