Skyrocketing Zillow Estimate For My House
June 12, 2014 11:10 AM Subscribe
Holy crap. My house value has been creeping up since the bust, which was to be expected. But I just checked Zillow, and they've boosted its estimated value by 23% in the past 30 days (I'm in Westchester County, not far from White Plains).
posted by Quisp Lover to Work & Money (22 answers total) 2 users marked this as a favorite
So is this:
1. Just representative of Zillow's random imprecision (I haven't noticed crazy jumps before, but I don't check often)
2. Data adjustment (i.e. maybe a few nearby homes sold recently for way more than expected, causing Zillow to adjust its assumptions),
3. Evidence that another crazy housing bubble might be forming (or perhaps just a local one in my neck of the woods, which isn't all that interesting, really)?