Exploring the Impact of Zestimate on Real Estate Market Dynamics: A Case Study of Buyer, Seller and Renter Perspectives

Authors

  • Ch. Raghuvaran, Thumu Geetanjali, Oruganti Venkata Nomika, Pegada Sanjana

DOI:

https://doi.org/10.47750/

Keywords:

Zestimate, Property valuation, Automated valuation tools, Real estate analytics, Home value estimation, Market behavior

Abstract

The Zestimate, developed by Zillow, is a prominent property valuation tool that estimates home values using a proprietary algorithm and diverse data sources. Since its introduction in 2006, it has gained significant traction due to its user-friendly and accessible nature, offering automated estimates of property values. The tool has evolved over time with enhancements in its algorithm and data inputs, 
aligning with advancements in real estate analytics and changing market conditions. Despite its popularity, the accuracy and influence of Zestimate on market behavior remain contentious, particularly regarding how it affects buyers, sellers, and renters.

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Published

.

Issue

Vol. 15 No. 5 (2024)

Section

Articles