Top 5 Home Value Estimate Websites: Which Is Most Accurate?

Table of Content

• Chase Mortgage Services
• HomeLight
• The 20 Best House Buying Websites in 2023
• Do you want to sell or buy a home?

The company's website offers a variety of home selling tools, including a free home value estimator for both active listings and off-market homes. Users can get an estimate within seconds by simply entering their address. The only way to accurately determine how much your house is worth is to put it on the market to see if buyers are interested. A property’s market value is what a willing buyer would pay based on recent sales of comparable homes.

Like other home value websites, Bank of America likely doesn’t factor in your home’s renovations or upgrades. We encountered this coverage problem firsthand when testing out both estimators. Zillow has one of the largest databases of online home values, covering 104 million homes, or about 75% of all homes in the country. Zillow’s — and its sister site Trulia’s — Zestimate is the most popular online home value estimator and the best overall. We give it a four out of five-star rating — among the best in the business, but not perfect. Then get started today by using a home value estimator and start taking advantage of the many benefits it has to offer.

Chase Mortgage Services

Property listings may show pictures, 3D tours, floor plans, availability dates, current rent specials, and added expenses such as parking or pet fees if applicable. There are also renter reviews, lease length options, and info on nearby shops, restaurants, gyms, banks, groceries, and coffee shops. The site's Walk Score and Bike Score help users understand neighborhood transportation, and a neighborhood noise level rating help round out a user's feel for an area. However, some of this information may not be filled in for every listing. If you're planning to sell, the Redfin Estimate can give you an idea how much you'll get for your home. If you're house hunting, the Estimate can predict the final sale price for listings you're interested in.

With the wealth of real estate information available online, we pulled together this round up of the best real estate websites by category. The best real estate websites help you find what you need, when you need it, no matter where you are in your plans to buy, rent, or sell. While HomeGain.com is mostly a home shopping tool, one of their widgets lets you find the value of your own home for free. Just enter in your home zip code followed by your home address to find out what your home is worth now and how values have changed over the years. Just by entering your home's value into the website's friendly interface, you'll get a Zestimate — a Zillow-created estimate of your home's value.

HomeLight

Simple Sale is far from the only program out there that facilitates cash offers for homes, but it has a few advantages over most alternatives. The site has detailed information on over 1 million available rentals. To determine the winners, we spent hours researching the options, personally tested each one, and chatted with real estate experts about their favorites for a second opinion. The downside with HomeGain is that they require you to enter your email address to get "unlimited MLS data" for your area. Unfortunately, this usually means you'll end up on a huge mailing list — whether you like it or not. Eppraisal.com works similarly to the other sites on this list, offering its own estimate of your home's value in certain cases and a Zillow.com Zestimate in others.

Are you about to sell your house and need to figure out how to place a monetary value on your home that your heart says is priceless? Or are you planning to buy a house or refinance and want to check that the price is accurate? If you are starting out on this journey, your first stop will be online home value estimators. Realtors can see if other home sales included buyer concessions, which might result in a different sale price than what you could get for your property. Again, an algorithm will struggle to account for this kind of information — and it’s why CMAs are almost always more accurate.

The 20 Best House Buying Websites in 2023

Agents use CMAs to help sellers decide on a listing price and to help buyers make appropriate offers on a house. Currently, the Redfin Estimate has a median error rate of 1.9% for on-market homes and 6.3% for off-market homes. They use over 500 different data points, including information from multiple listing services and local market trends, to come up with their estimates. The Redfin Estimate is updated daily so you can get the most up-to-date information about your home.

Redfin's home search tool only works in areas where you can buy or sell with a Redfin agent. If you live outside Redfin's service area, your best bet is to browse homes on websites like Zillow and Realtor.com. You can search for homes based on a variety of factors, including number of bedrooms, price range, type of home, and more. The website and app are simple to navigate and give you a general overview of the surrounding neighborhood and other properties in the area. Redfinis another popular home value site, but unlike Zillow, they are a real estate brokerage, so you can work directly with Redfin to sell or purchase a home. Whether you’re planning to refinance your mortgageor take out a home equity loan, you should always have a rough idea of what your home is worth.

Should I use a home value estimator if I’m selling?

Unfortunately, there's also no way to tell Chase about these renovations. Claiming your home on Redfin also allows you to edit your home facts, and receive regular price and market updates. Zillow's home value tool covers more than 100 million homes nationwide, among the highest coverage in the industry, covering more homes than Redfin . You can only discover this knowledge by talking with people living in the area to understand how they feel about the community.

They have a useful home value estimator, in addition to other helpful tools for users looking to buy, sell, remodel, or rent homes. Selling your home is one of the biggest financial decisions you’ll ever make. Check out these tips for starting a real estate business, a list of top real estate blogs, and these motivational, relatable and just plain funny real estate quotes.

Quicken Loans Mortgage Review

With more than 30 million monthly unique visitors, Zillow is one of the most popular real estate websites and home value estimators. Free home value estimators claim to know what your house is worth in today's market. But it's hard to tell which website is accurate, trustworthy, and useful. All home value estimators include a similar disclaimer that the estimations should be used as a starting point. While Zillow provides the best overall home value estimation and Redfin provides the best for overall accuracy on pricing, they are ultimately just automated models. After you’ve entered your information into these websites, consider what could be missing from the algorithm that may change the home value.

Like PennyMac and other estimators, it frequently uses outdated comparable sales to estimate a home’s value. Obtaining multiple home value estimates from a single source is helpful for a complete view of your home’s potential value. Most other home value websites only provide users with a single home value. Like other home value estimators, recent upgrades or renovations likely don’t impact your valuation (unless they’ve been reported on your property’s tax records).

The best real estate websites offer a wealth of resources

Many factors influence your house value, including size, location, employment options, school districts, property taxes, home maintenance or repairs, and many others. Trulia is another popular home estimate site for Florida homeowners. Redfin is another popular home estimate site for Florida homeowners. They offer an estimate of your home’s value based on a variety of factors such as local market trends, sales history, and more. Plus, they also provide you with estimated future values and recent sales in your area. Home estimate sites are websites that provide you with an estimate of your home’s value.

Because only half of the home value estimators publish their error rates, we lowered the scores of those that did not. Assessed value differs by tax districts, but usually it is based on your home’s condition, size, and features, as well as current local property values. In some areas, the assessed value is a percentage of the fair market value. Your realtor will use houses that are far more comparable to yours — and therefore get you a more accurate home value estimate than an algorithm ever could. The best way to get the most accurate home value estimate is through a CMA by a real estate agent.

All of our content is based on objective analysis, and the opinions are our own. For more information, please check out our full disclaimer and complete list of partners. We may earn a commission when you click or make a purchase from links on our site.

Discover the Top Home Estimate Sites in Florida to Find Out Your Home's Value!

Table of Content

• How We Chose the Best Home Value Estimator Sites
• Cost of Using One of the Best Home Value Estimator Sites
• How Important is Your Agent’s Listing Description?
• Frequently asked questions about house buying websites
• Introduction to Home Estimate Sites
• Get Your Free Home Valuation

According to an independent study of on-market homes, the Redfin Estimate is the most accurate among leading automated home-value tools. We provide the most accurate value of a home for sale—more than twice as likely to be within 3% of the home's selling price as other top online home-value estimators. Like other estimates, this is not a formal appraisal or substitute for the in-person expertise of a real estate agent or professional appraiser. Keep in mind that these home value estimator sites aren’t 100 percent accurate—they merely serve as a jumping-off point before taking a home to market or considering a loan. Many variables go into estimating a home’s value, and ultimately, real estate values can shift daily. With that being said, a user may want to get estimates from several of the top sites.

The Zestimate’s median error rate for on-market homes nationwide is 3.2%, meaning Zestimates for half of all on-market homes are within 3.2% of the ultimate sale price, and half are not. Check your home value estimate for free by entering your home address. You can improve the accuracy of your Zestimate by claiming the address as your home and updating the home details. The AVM pulls its information from public sales data and local market trends. Since it’s computer-generated, RE/MAX does note their AVM is not the most accurate and encourages users to contact them for a more precise estimate. Another way to determine a home’s value is by seeking the assistance of a real estate agent who will prepare a comparative market analysis.

How We Chose the Best Home Value Estimator Sites

This can help you make more informed decisions about the sale of your home. It’s important to note that some sites may require you to provide additional information about your home. This could include information about the number of bedrooms, bathrooms, square footage, and more.

The user can log in and edit the available data with an active account to provide much more accurate results with an active account. For the most accurate home value estimate, you can get a free CMA report from a local real estate agent, or consider paying for an appraisal. Free online home value estimators are fun to use but aren't always 100% accurate. We recommend comparing estimates from multiple websites for a more accurate estimate of what your property may be worth. While home buyers and refinancers need an appraisal, homeowners can also get one to help set an accurate listing price.

Cost of Using One of the Best Home Value Estimator Sites

That means you could find exclusive properties on HomeFinder that aren’t listed on other popular real estate websites. If you find one you like, you can have your agent negotiate directly with the seller. Even multiple estimates from accurate home value sites can’t replace an appraisal.

Like other home value websites, Bank of America likely doesn’t factor in your home’s renovations or upgrades. We encountered this coverage problem firsthand when testing out both estimators. Zillow has one of the largest databases of online home values, covering 104 million homes, or about 75% of all homes in the country. Zillow’s — and its sister site Trulia’s — Zestimate is the most popular online home value estimator and the best overall. We give it a four out of five-star rating — among the best in the business, but not perfect. Then get started today by using a home value estimator and start taking advantage of the many benefits it has to offer.

How Important is Your Agent’s Listing Description?

This site also uses all its data to produce market forecasts it claims are 90% accurate over a three-year timespan. If you believe in the power of Big Data, this is definitely the website for you. You won't find every home on the market in your area, but it's a good place to look for FSBO listings and undeveloped land.

A house listed with an agent will have had a CMA done, which is far more accurate than a home value estimator. Agents know this and won’t be swayed by buyers trying to get a lower price because of what an online calculator says. But don’t rely too much on a home value estimator when making an offer. Even if a home value estimator claims that a house is worth less than what it’s listed as, chances are that the estimator is wrong — not the list price.

There are several different types of home value estimators that homeowners can use, including online estimators, professional appraisers, and automated valuation models. CMAs estimate your home’s value based on similar properties that have recently been sold in your area. Put together by real estate agents, CMAs are a crucial part of the home sale and purchase process.

Many sellers who advertise on Facebook also offer owner financing, which can be a huge benefit if you're unlikely to qualify for a conventional mortgage. Buyers can get great deals by shopping foreclosures, but there are some complications to keep in mind. That means the bank isn’t going to do any repairs or work on the property. Interview as many agents as you like until you find the perfect fit — or walk away at any time.

If you added a wine cooler into your kitchen, but the potential buyer had this in his or her previous place, then it may not seem like anything special to them. No algorithm can replace human intuition when it comes to identifying and pricing the unique characteristics of a home. Like other platforms, ZipRealty promotes its agents who work with Realogy, its parent brokerage firm. While you can use the 70% rule as a starting point to decide whether to take on a renovation project, don’t rely on it too much. It’s not very precise and certain renovations have a greater ROI than others. Unfortunately, many unique features — such as a stunning view or proximity to a busy road — can be difficult for an algorithm to pick up on.

Lastly, a home value estimator can help homeowners keep track of their home’s value over time. This can be beneficial for homeowners who are interested in understanding how the market value of their home has changed over the years. Conversely, if you’re a seller and you underestimate the value of your home, you may miss out on thousands of dollars on the sale.

Get Your Free Home Valuation

For example, one home value estimator may place more weight on a renovated kitchen than another one. Or one estimator may only use sales data going back one year, while another uses sales data going back two years. Each home value estimator uses its own algorithm to decide how much a home is actually worth. These algorithms weigh different aspects of a property differently, which results in different home values. However, while each of these projects will typically add tens of thousands of dollars to your home’s value, they are also major undertakings, both in terms of time and cost.