Can I trust Zillow estimates?

Can I depend on Zillow to calculate the sales price of my property in Alexandria?

Zillow is a popular website that "gives" computerized estimates that purport to calculate the value of each property in the United States. Zillow tries to reach this goal this feat by using a sophisticated program which crossreferences factors which impact property values, but here's a story I have heard from home sellers in Northern Virginia:

Is Zillow accurate?
Many consumers have serious doubts about the accuracy of Zillow home value estimates.

Our home was recently appraised for 650K. Zillow estimates the value at 521K. The estimate makes us one of the lowest priced homes in the subdivision. We have all upgrades in our home and it is the largest of the homes that were originally built in this subdivision. It was appraised at 750K before 2009. Our home has a basement. Neighbors do not have basement on one side and you appraised higher. Really? -- James E. - Fort Hunt

If you search the web for the phrase "Can I trust Zillow?" or "Can I trust Z-Estimates" you'll find countless testimonials by angry homeowners and skeptical real estate buyers who have discovered the hard way just out inaccurate Zillow's pricing can be. Many people in Alexandria report that Zillow's estimates have a margin of error of around 20%. Even if we assume the margin of error is only 10%, in Northern Virginia that means a "z-estimate" is only within $50,000 of the actual sales value. If the margin of error is an impressive 5% that means that a z-estimate is only within $25,000 of the asking price.

Yet Zillow (for now) remains popular with some real estate shoppers. Real estate sellers and home buyers should know that there is not a single neighborhood in Alexandria where either a mortgage lender or tax collector uses Zillow for tax assessment or appraisals. Our expert advice is to take "valuations" from any website at arm’s length. Putting too much reliance into a computer can cause a lot of confusion.

Phone Nesbitt Realty today for a free comparative market analysis of your property's worth. We promise that a computer won't set the market value. Rather, your friendly neighborhood Nesbitt Realty Realtor will measure the many variables which make up your real estate's value.

Obtain a free & accurate assessment of your home's market value

by a local experienced professional!

7 Reasons Why Zillow Estimates Are Inaccurate

We help sellers in Alexandria & surrounds

Our agents have the experience and local knowledge to find your dream home.

Sales Process

Helpful information and commonly asked questions about selling your property in Northern Virginia.

Learn More

Our Agents

Learn more about our friendly neighborhood real estate agents!

Learn More

Why Nesbitt Realty?

Why choose Nesbitt Realty to sell your real estate in Northern Virginia?

Our Differentiators

What's my home worth?

Find out your home's value according to a full-time professional agent with no cost or obligation.

Get Your Free Estimate

Recently Sold at the Top of the Market in Alexandria

 

Typical Homes that Recently Sold in Alexandria

 

Recently Sold From The Less Expensive Segment of the Market in Alexandria