Trulia Home Sales (2024)

FAQs

How accurate are Trulia home values? ›

That data is only shared with the Realtor community and tax entities. In some parts of the country, Trulia and Zillow are highly accurate — but those are areas with “open record” laws. In closed record states, Trulia and Zillow use tax appraisals for valuation. Again, in our market, the tax appraisals are inaccurate.

There are several reasons why Zillow's Zestimate may be inaccurate. For one, the feature relies heavily on publicly available data, such as property tax records and past sales data. This means that it may not take into account certain factors, such as renovations or additions to a home, that could affect its value.

Public records can be outdated or lag behind what homeowners and real estate agents know about a property, so it's best to update your home facts and fix any incorrect or incomplete information — this will help make your Zestimate as accurate as possible.

To negotiate the best price when buying a house, first research comparable sales to support your offer. Submit an reasonable to offer below asking price, detailing desired repairs and terms. If rejected, re-strategize; don't counter immediately. Increase earnest money to show seriousness.

Online home value estimates can provide a general idea of a property's worth, but they are not infallible. These estimates may not consider unique features or condition-specific details. It's best to use them as a starting point and consult with real estate professionals for a more precise evaluation.

Zillow: Redfin is more accurate when valuing homes. Both Zillow and Redfin give homes an approximate value, but the Zestimate provided by Zillow has proven slightly less accurate than Redfin's estimate. Final numbers depend significantly on the local market and demand for a property in your particular location.

A Zestimate is only as accurate as the information Zillow has to base it on. Plus, it depends on what you're comparing it to for accuracy. No home valuation is perfect. Zestimates are meant to be used only as a ballpark view of value, not as an appraisal.

Why isn't the Redfin Estimate accurate for my home? Accuracy of the Redfin Estimate is extremely important to us. However, there will always be estimates for individual homes that are not accurate, usually because we don't have as much data on that home, or the data we do have is outdated.

Reviews cannot be individually deleted; however, agents have the opportunity to respond to any reviews published. If an agent feels a review does not meet our review policies or any of our other applicable policies, the review can be flagged for re-moderation by Zillow's moderators.

Why did my zestimate drop drastically? ›

Home sales in your area are affecting the data

If homes in your area are selling for under market value, that will affect your estimated home value. Zillow's algorithm creates your estimate in part by pulling your home's square footage from tax records, then pulling data from recent home sales in your area.

If you notice a listing is displaying incorrect information (i.e. wrong phone number, listing facts, incorrect photos), you can flag it to notify us of the error. To flag a listing, click "More" at the top of the property page and then select "Report problem with listing."

The amount you may want to reduce your home's asking price depends on many factors, including the median price in your area, what comparable homes nearby are selling for and the length of time the home has been on the market. According to a Zillow study, the average price cut is 2.9 percent of the list price.

“The rule I've always followed is to never go more than 25% below the listed price,” he says. “Chances are, after fees, commission, and sentimental value, the sellers are already hurting. If you dip below that point, they may disregard your offer entirely.”

Zillow: Redfin is more accurate when valuing homes. Both Zillow and Redfin give homes an approximate value, but the Zestimate provided by Zillow has proven slightly less accurate than Redfin's estimate. Final numbers depend significantly on the local market and demand for a property in your particular location.

A Trulia Estimate is an approximate calculation of a home's market value. It is not an appraisal; it is a starting point in determining a home's value.

A Zestimate is only as accurate as the information Zillow has to base it on. Plus, it depends on what you're comparing it to for accuracy. No home valuation is perfect. Zestimates are meant to be used only as a ballpark view of value, not as an appraisal.

Just like Zillow, Trulia offers real estate listings for prospective home buyers, sellers, and renters. Also like Zillow, Trulia makes most of its money from advertising. Even though the company is now owned by Zillow, it provides users with a different experience online.