Homeowners are pretty good at estimating their home's market value!
If you had to guess your home’s value, how close would you be? You’d probably be within about 10% of the market value. Research Assistant Rediet R. shows the value that homeowners estimate in the American Community Survey seem to align with Zillow’s home value index derived from market data. Maybe more homeowners are obsessively checking their latest values online. (We’re not here to judge!) But statistically, something else could be at play. What is the median home value in your area? Drop a neighborhood in the comments, and we can show you!