The Redfin Owner Estimate is a tool for homeowners to estimate their home’s value that combines the best of machine learning and human insight. Backed by the engine that powers the Redfin Estimate, we invite homeowners to provide input about their home and neighborhood to generate an even more accurate estimate of a home’s value.
How Does it Work?
First, you can your update your home facts and enter any renovations. Then, the same core machine learning model that powers the Redfin Estimate identifies 25 recently sold homes that are similar to yours based on size, location, and other home facts. You pick at least five of these homes that are most similar to your own, which we use to calculate your Owner Estimate.
Create your Owner Estimate
Search for your home and select “Create Owner Estimate.”
And Did We Mention Our Agents?
If you're thinking about selling your home, a local Redfin agent can give you the best estimate of how much you'll put in your pocket after the sale. Setting up a consultation with a Redfin agent is totally free and in most markets we only charge a 1% listing fee when you sell your home.
Frequently Asked Questions
What is the benefit of the Owner Estimate?
The Owner Estimate gives homeowners more control over determining what their home is worth. The Redfin Estimate is the most accurate online home-value estimate for on-market homes, but it doesn’t replace the first-hand knowledge that a homeowner has about their own home when it isn’t on the market. The Owner Estimate combines the best of both human insight and machine learning.
Is the Owner Estimate displayed on Redfin.com?
Once created, you can keep the estimate private or choose to post it publicly on your home’s details page on Redfin.com.
Can I update my Owner Estimate?
Yes. You can create a new Owner Estimate at any time. You can only have one Owner Estimate at any given time, so if you create a new one it will replace your old one.
How long does the Owner Estimate remain displayed on Redfin.com?
The Owner Estimate will remain on your home’s page for one year or until you create a new estimate. The real estate market is always changing and we don’t want your estimate to become outdated.
Can I create an Owner Estimate for a home that is on the market?
No. The Owner Estimate is only available for off-market homes.
How are the comparable homes selected? Can I choose another home that is not among the options Redfin shows?
The tool provides a selection of 25 homes that have recently sold nearby. From that selection, you can select five or more homes that are most similar to your own. Homeowners cannot select a home that is not among the 25 provided.
What is the Redfin Estimate?
The Redfin Estimate is an automated calculation of the market value of an individual home. The Redfin Estimate is highly accurate, with the lowest published error rate for on-market homes.
Other questions, concerns or feedback?
Our customer service team is happy to help you.