How accurate is a Zillow Zestimate for my home value?

How accurate is a Zillow Zestimate for my home value?
Zillow, an online real estate marketplace, is still not profitable according to economists. The company had a net loss of $101 million in 2022 and had to permanently shut down its Zillow office program. Zillow's main source of revenue will now be advertising sales. The company used an algorithm called a Zestimate to estimate home values, but these estimates could be inaccurate by up to 20%. Zillow had to discontinue the estimates once it became a brokerage, as an online automated system should not be the sole way of determining a home's value. Factors such as specific features, upgrades, and the condition of the house are important considerations that an algorithm cannot account for. It is important to choose a real estate agent who can provide skill, care, and diligence in determining the accurate value of a home.
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The Professional Agent Group with Keller Williams Realty is a team of REALTORS® serving areas throughout Florida and are based out of Clearwater. Our specialty is home buyers who are relocating to our beautiful cities. We also assist sellers looking to sell their home using the power of video.
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Kathryn Weinberger is a REALTOR® mom. She joined our team determined to make sure both buyers and sellers always felt excited to relocate or move!
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What has your experience been? Did you know that these online automated systems don't tell you the entire story?