Redfin Estimate

Redfin Estimate is Redfin's automated calculation of an individual home's market value. It uses data about the home, neighborhood, market, and recently sold comparable properties, with MLS data available for listed homes. Redfin says the estimate is a starting point rather than an appraisal or a substitute for advice from a local real-estate professional. The estimate is updated daily for homes on the market and weekly for homes off the market; homeowners can also use Owner Estimate to select their own comparable sales where supported.

✨ Key Features

• Automated home valuation — Get an estimated market value for an individual home.
• Comparable-sales data — Use recently sold homes and local market data in the estimate.
• MLS inputs — Listed-home estimates can use Redfin's direct MLS access.
• Accuracy context — View Redfin's published median-error information for eligible on-market homes.
• Update cadence — On-market estimates update daily; off-market estimates update weekly.
• Owner Estimate — Homeowners can select comparable sales to inform a customized estimate where available.
• Home Report — Track estimate changes and recent nearby sales through Redfin's home-report experience.
• Redfin agent follow-up — Request a professional estimate that can consider renovations or details missing from MLS data.

💳 Pricing

• Redfin Estimate — Free consumer estimate experience on Redfin.
• Owner Estimate / Home Report — Availability and notification options depend on the property and Redfin account experience; confirm current terms on the official site.
• Real-estate services — Agent, listing, mortgage, and other Redfin services are separate from the estimate and may involve fees or commissions.

⚖️ Alternatives Compared

🎯 Use Cases

• Pre-sale research: Establish a rough starting point before speaking with an agent.
• Home purchase comparison: Compare listed homes with a consistent online estimate.
• Equity monitoring: Review changes in a property's estimated value over time.
• Comparable-sales review: Inspect nearby recently sold homes that inform the estimate.
• Renovation discussion: Use the estimate as a starting point before requesting agent pricing advice.
• Neighborhood research: Combine estimated values with Redfin listings and recent sales.

This is an automated estimate, not an appraisal, offer, tax assessment, or lending decision. Coverage, accuracy, update timing, and Owner Estimate availability vary by property and market.