![]() The Trulia Estimate is calculated using a proprietary algorithm. Comparable recent sales of nearby homes.Property tax information, actual property taxes paid, exceptions to tax assessments, and other information provided in the tax assessors' records.Location, lot size, square footage, number of bedrooms and bathrooms, etc.For example, some characteristics, such as square footage or the number of bathrooms, are given more or less weight depending on a home’s location. Our model spots trends that affect sale prices based on a home’s location and nearby homes. Our engineers and data scientists developed a proprietary algorithm, based on a thorough analysis of market data, which calculates Estimates automatically and updates them daily. Take a look at our accuracy report, which details the accuracy of Trulia Estimates in available counties across the U.S.įrequently Asked Questions How are Trulia Estimates determined? For each county and state, we report the median absolute error of these differences and the percentage of sales where Trulia Estimates were within 5%, 10% and 20% of the final sale prices. We continuously monitor the accuracy of Trulia Estimates by comparing (1) actual sales prices for recently sold homes over a 3 month period with (2) those homes’ Estimates at the end of the month prior to sale. To determine the value of your home, we recommend you also talk to a real estate agent in your area about scheduling a professional appraisal. ![]() ![]() If you’re thinking of selling your home, Trulia Estimates are one piece of information to consider. We’re working to make Estimates available for every home in every neighborhood on Trulia, so buyers, sellers, renters, and agents have the information and insights they need to make informed decisions. location, number of bedrooms, etc.)Ĭurrently, Trulia Estimates are available for more than 65 million off-market single-family homes, condos, and townhomes across the U.S. The home’s physical characteristics (e.g.Trulia Estimates are based on publicly available information and agent-reported transactions, including: It is not an appraisal it is a starting point in determining a home’s value. A Trulia Estimate is an approximate calculation of a home's market value.
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