How true are Zillow estimates?

When it comes to real estate valuations, the name Zillow is often synonymous with accuracy and convenience. But just how true are Zillow estimates, really? Many homeowners and potential buyers alike rely on these estimates to get a general idea of a property's worth, but do they truly reflect the market's perspective? While Zillow uses advanced algorithms and data analytics to generate its estimates, are there factors that may skew the results? For instance, could a property's unique features or recent renovations go unnoticed by the system, leading to an inaccurate valuation? Furthermore, how does Zillow's methodology compare to that of traditional real estate appraisals? Are there situations where a human expert's assessment would be more reliable than an automated estimate? Ultimately, the question of "How true are Zillow estimates?" merits further investigation. As a potential user of these estimates, it's important to understand their limitations and consider additional sources of information before making any decisions.