How to Use Zillow to Research Home Values
If you are in the market for a home or if you are considering selling your home, you can use Zillow to research home values. The Zillow website enables you to look for homes in your neighborhood, at a new location where you are seeking employment or anywhere else where you are interested in seeing the value of homes. Zillow uses the term “Zestimate” for the estimated home value it provides for a given property, based on the company’s proprietary formula. Finding the prices of homes in a particular location will help you determine the value of similar homes in which you are interested.
Navigate to the Zillow website (link in Resources).
Type the address, ZIP code or the name of the neighborhood or city in which you are interested in researching home values, and then click the “Search” button, which is marked with the icon of a magnifying glass. A map appears with listings for homes and their prices.
Click the “Beds” and “Baths” drop-down menus and select a number if you want to constrain your search by these criteria. For example, you might only want to research the value of homes that have four bedrooms and three bathrooms.
Select the check box next to “For Sale” and then select the check boxes for “By Agent,” “By Owner,” “New Homes” or “Foreclosures” if you want to continue filtering the initial search results. Select the “Recently Sold” check box if you are interested in getting information on the value of recently sold homes, and then click “Apply.”
Click “More Options” to reveal additional settings you can apply to your Zillow home value search, such as the number of square feet, the lot size or the year the home was built. Type in the appropriate information and then click “Apply” to see the results.
Tips & Warnings
- Zillow is a powerful home value research tool, but shouldn't be used exclusively in a home search,
- The "zestimate" zillow gives should be taken with a grain of salt, and used as a basic guideline for home value.