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It’s a question every homeowner wants to know the answer to, especially if you’re thinking about selling. The Redfin Estimate History graph provides a look back at how a home's value changes over time. The Redfin Estimate value each month represents the Redfin Estimate average of all the days in that month. This may differ slightly from the Redfin Estimate displayed in the Home Report email, which shows a point-in-time value for a given day rather than a monthly average. To calculate the Redfin Estimate, we combine hundreds of data points about the market, the neighborhood, and the home itself—all to provide you with the most accurate home-valuation tools. For questions or concerns, please contact Chase customer service or let us know at Chase complaints and feedback.
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Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products.
About the Redfin Estimate
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For example, knowing about how much your home has appreciated in value can help you determine how much equity you’ve built or whether you’re being overcharged for property taxes. Checking a home valuation tool periodically can be helpful even if you’re not thinking of selling. This is what your property taxes are based on — the dollar value of your property as determined by your area’s local tax assessors.
What kind of information does Bankrate use to calculate my home's value?
Fair market value is heavily dependent on the state of your local housing market, in addition to the factors listed above. There are three main types of home valuation, and all might assign slightly different dollar amounts to the same house. For example, the same home may have an assessed value of $300K, an appraised value of $395K and a fair market value of $400K. Stay up to date on market changes and find out how much homes like yours have sold in the past year. Use Redfin's home value estimator to get a free, instant home-value estimate, see nearby sales and market trends, and update your home facts and photos. For a better experience, download the Chase app for your iPhone or Android.
For off-market homes, the Redfin Estimate will be within 6.28% of the eventual sales price half the time. The Redfin Estimate is more accurate for homes that are for sale because there is more data available about those homes. Professional home appraisals consider various factors to determine a home’s value, including size, location, condition, upgrades and local comps (or what other, similar homes nearby have sold for). Mortgage lenders require an appraisal before they will approve your loan. We offer a variety of mortgages for buying a new home or refinancing your existing one. Our Learning Center provides easy-to-use mortgage calculators, educational articles and more.
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Refinance your existing mortgage to lower your monthly payments, pay off your loan sooner, or access cash for a large purchase. Use our home value estimator to estimate the current value of your home. See our current mortgage rates, low down payment options, and jumbo mortgage loans.
Why can’t I see the Redfin Estimate on some active listings when I see it on others nearby?
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Check out our affordability calculator, and look for homebuyer grants in your area. Visit our mortgage education center for helpful tips and information. And from applying for a loan to managing your mortgage, Chase MyHome has you covered. This will prevent automated valuations from showing on all third-party real estate sites.
Go to Chase home equity services to manage your home equity account. We offer the Redfin Estimate where we have enough local and home-specific data to maintain our accuracy levels. While we can’t give any specific information on expansion, we hope to provide the Redfin Estimate for as many homes as possible over time.
Also, you can contact a Redfin Agent to discuss what your home is worth. Speaking to a Redfin Agent about your home’s value is free of charge, with no obligation. Please complete the Challenge below, to regain access to the site.
While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. Like other estimates, the Redfin Estimate is not a formal appraisal or substitute for the in-person expertise of a real estate agent or professional appraiser. If you’re thinking about selling your home, or just want to talk more about what it’s worth, we encourage you to contact a Redfin real estate agent at any time. Speaking with a Redfin Agent is free of charge, and there is no obligation to list your home for sale or work with Redfin.
Please review its terms, privacy and security policies to see how they apply to you. Chase isn’t responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the Chase name. All home lending products are subject to credit and property approval.
As a real estate brokerage, Redfin has complete access to Multiple Listing Services (MLSs), the databases that real estate agents use to list properties. To calculate the Redfin Estimate the algorithm considers hundreds of data points about the market, the neighborhood, and the home itself, like whether it has a water view or is located on a busy street. When all of this data meets the massive computing power of our proprietary machine-learning software and today’s best cloud technology, you get the Redfin Estimate.
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