Zillow Zestimates

Thinking of selling your home and wondering what it’s worth? Be careful about falling in love with home value estimates you see online. Some are WAY too high or low.
Zillows Typical Errorvideo
UPDATE: Zillow greatly improved the accuracy of their Zestimates in June 2016 so I updated this post in July 2016. Post was originally published in July 2015. https://youtu.be/rfWzMI_VwTQ Note: I haven't updated the video to reflect Zillow's improved accuracy. The Problem You have a home for sale and Zillow's Zestimate for the house...
Zillow Accuracy Chartvideo
Zillow publishes the median percentage error of their Zestimates but I think it's a lot easier to think in dollars rather than in percentages. So I converted the published Zestimate percentage errors into dollar errors for 25 U.S. metro areas and the U.S. as a whole.