The Zillow market analysis, also known as Zestimate Market Analysis, is a tool provided by Zillow that offers a comparative market analysis on the estimated value of a home that is currently on the market. This feature is especially beneficial when the Zestimate value is not accessible due to local regulations. Here are some of the key features of the Zestimate Market Analysis:
Utilizes Comparative Listings: A licensed employee of Zillow analyzes and compares a property to similar homes in the area that have recently sold, are currently on the market, or were taken off the market without being sold.
Offers a More Accurate Assessment: The Zestimate tool provides an online estimate based on public data, but the Zestimate Market Analysis offers a more accurate assessment on a specific property due to the use of more comprehensive data and professional expertise.
Takes Several Factors Into Consideration: This tool considers various factors that could impact the value of a home such as location, square footage, number of bedrooms and bathrooms, amenities, and neighborhood.
Increases Confidence for Buyers and Sellers: The Zestimate Market Analysis offers additional market insight for buyers and sellers alike, which can boost confidence in the transaction process. This tool is especially useful for those looking to sell a home or purchase a new one.
In conclusion, the Zestimate Market Analysis is an effective tool that provides professionals and consumers with valuable insight into the potential market value of a home.