Should You Trust Zillow and Trulia Real Estate Estimates?

Should You Trust Zillow and Trulia Real Estate Estimates?

There’s no denying the popularity of Zillow and Trulia. The question is should you trust in Zillow and Trulia Real Estate Estimates?  If you just love looking at homes online and are not actually considering buying or selling a home this might not be an issue for you.  If you’re seriously getting into the research phase of your home search you may want to look a little closer at the accuracy of their data and zestimates for home values.  In fact, take a look at what their own sites say about the accuracy of their data.  Check out the infographic below and the video where we recorded a visit to Zillow’s site:
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How Accurate Is Zillow for St Louis Real Estate?

missing the targetThe most direct way to answer this question is to visit Zillow’s web site where they disclose their accuracy rates for each state and county.
Zillow uses a star rating system.

4 Stars =  Best Zestimate
3 Stars = Good Zestimate
2 Stars = Fair Zestimate
1 Star = Tax Assesor’s Value or unable to compute Zestimate accuracy

Video of Zillow’s Accuracy Rating for St Louis Real Estate

Click here to see Zillow’s accuracy rates by area (Updated August 2016)

Data coverage and Zestimate accuracy

 If you clicked the link, or watched the video you found out that Zillow’s accuracy rate is only 1 star out of 4.  Basically, not much above the data at the tax assessor’s database.

Honestly, if you had the choice of staying in a 1 Star Hotel or a 4 Star Hotel … which one would you choose?  So in getting ready to make one of the most expensive financial decisions in your life, get 4 Star quality information from Finding Homes for You.  Current market conditions, comparable marketing analysis, property history reports,
local reports and trends by zip code all combined together will paint the picture you need to see.

Click Here to See What Homes are Selling for in Your Neighborhood

Call us today at 636-532-4200 and get more information working for you!  Please continue reading the related articles below for insights into the St. Louis Real Estate Market.

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