“Zillow says my home is worth $300,000, but the Realtor said it is worth $250,000.” Over the past few years the popularity of Zillow.com has grown tremendously among real estate consumers but how accurate are the numbers? Being a Realtor, and viewing, pricing and negotiating on Montgomery County Pa homes everyday, I have witnessed the negative impacts of Zillow and their Zestimate feature.
The Accuracy of Zillow on Montgomery County Pa Homes for Sale
We frequently hear that the best way to find accurate home values is to go to Zillow, for their Zestimate information. The problem however when using Zillow to find the value of Montgomery County Pa Homes for sale is that it is not very accurate.
The majority of Montgomery County Pa Homes for sale listed on Zillow (approx 82%) are about a +/- differential of about 20%. We created a video shown below to demonstrate the accuracy of Zillow when it comes to the pricing of Montgomery County Pa Homes.
To see the accuracy of Zillow in relation to Montgomery County Pa properties as well as in your area use the following steps:
- Go to Zillow.com
- Scroll down to the bottom of the page and click on the About Zestimates links
- Scroll to the second link in the chart and click on “States/Counties”
- Find your state, in our case it is Pennsylvania
- Scroll down on the chart until you see your desired county. In our case we are focusing on the accuracy of Montgomery County Pa Homes
- Pay attention to the tabs on the chart. In this example there are 99% of Montgomery County Pa Homes listed on Zillow and 99% of Montgomery County Pa Homes with Zestimates
Breaking down the numbers for Montgomery County Pa Homes for Sale
As you can see in our example, the majority of homes 82% in fact are within the 20% sales price bracket.
This means that when using a Montgomery County Pa Home Zestimate of $200,000, the actual value of the home will range from $160,000-$240,000. Quite a large range. While Zillow is a great tool for getting an approximate range for your home, you must allow for a 20% difference.
To obtain an accurate value of your Montgomery County Pa property, it is in your best interest to discuss your home with a professional Realtor. For an accurate, no cost or obligation estimate of your home value please contact us.
You may also use our automated tool to get an accurate picture of Montgomery County Pa Home values by using our innovative Market Snapshot feature.
Buying or Selling Greater Philadelphia Real Estate
Buying or selling a home in Greater Philadelphia can be a daunting process in a city this size, especially if you’re new to town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs! There are many area options to choose from including Montgomery County, Bucks County, Philadelphia as well as other surrounding counties.
When I list and sell a Philadelphia home for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available. It is our goal to sell your Philadelphia home in the quickest amount of time, for the most amount of money and for the least amount of stress to you.
If you have tried to sell your home on your own, have already listed with an agent but were not able to sell, or have any questions about today’s Montgomery County real estate market, we would love to talk to you.
We specialize in Philadelphia area homes, including, but not limited to:
- Montgomery County Single Family Real Estate –Montco Condos, Montco Short Sales and Foreclosures
- Bucks County Single Family Real Estate– Bucks Condos, Bucks Short sales and foreclosures
- Philadelphia Single Family Real Estate– Philadelphia Condos, Philadelphia Short sales and foreclosures
For more information about how I can best serve your Greater Philadelphia real estate needs, including Bucks and Montgomery Counties, please fill out the contact form below or give me a call at 215-646-2162.
Lee Stiber Passionate About Real Estate and Compassionate To Your Needs!