How accurate are Trulia home values in Houston, Texas? If you’re a current homeowner in Houston and want to know your home’s valuation, you may be thinking about turning to sites like Trulia. 

But how reliable are these sites? Can they really give you an accurate valuation? In this post, our team at Your Home Sold Guaranteed Realty - Chris Schmidt Team will discuss the accuracy of Trulia’s home values. We’ll also discuss the top ways to get an accurate home value in Houston.

Key Takeaways:

• 48.2% of Trulia’s valuations are within 5% of the home’s final sale price, 67.7% are within 10%, and 82.3% are within 20%.
• Trulia itself states that their estimates should be used as a starting point, and should not replace the professional opinion of a realtor or licensed appraiser.
• For the most accurate home valuation, it’s best to combine multiple methods, including sites like Trulia, and consult with a professional. 

How Accurate Are Trulia Home Values in Houston?

Trulia home values can give a rough estimate of your home’s value, but ultimately, they aren’t as accurate as other methods. 48.2% of Trulia’s valuations are within 5% of the home’s final sale price, 67.7% are within 10%, and 82.3% are within 20%. Overall, the platform has a median error rate of 5.3%.

Trulia is owned by the same parent company that owns Zillow, Zillow Group. As a result, Trulia’s estimates draw on much of the same data that Zillow uses.

Trulia itself states that their estimates should be used as a starting point, and should not replace the professional opinion of a realtor or licensed appraiser.

What Are the Best Ways to Find Accurate Home Values in Houston?

Comparative Market Analysis (CMA) 

CMAs are usually performed by professional realtors, and they’re one of the most reliable methods of finding home values. With this technique, the realtor will analyze recent sales in the area, focusing on homes that are similar to yours in terms of size, age, condition, and other features. 

Realtors use their access to the Multiple Listing Service and other specialized databases to access the most up-to-date information. They’ll also evaluate your home in person, factoring in any unique features or characteristics that might make your home worth more in the market. Based on all this information, they’ll determine an accurate valuation of your home.

Professional Home Appraisal

A professional home appraisal is even more accurate than a CMA analysis. Appraisers are licensed to evaluate your home and determine its exact market value. They do this by conducting a thorough inspection, analyzing comparable sales, and using their market expertise.

Looking at Sales Prices in Your Neighborhood

You can check the prices of currently listed and recently sold homes on your own, though you won’t have access to the same information as a professional realtor. You can find this information online and use it to get a sense of the general price range for homes in your immediate area.

Price per Square Foot

Researching the recent sales prices of comparable homes in your area and dividing them by the homes’ square footage can give you a general idea of the average price per square foot in the local market. Multiplying this amount by the square footage of your own home provides a rough estimate of its market value.

County Assessor’s Records

Checking your local county assessor’s records can provide the assessed value of your home, which is used to determine property taxes. This can be a useful data point for determining your home’s value. However, it’s important to keep in mind that your property’s assessed value may be different from its true market value.

Work with Chris Schmidt to Find Your Houston Home Value

For the most accurate home valuation, it’s best to combine multiple methods, including sites like Trulia, and consult with a real estate professional. If you’re looking to find your home’s market value in Houston, contact Chris Schmidt and our team at Your Home Sold Guaranteed Realty - Chris Schmidt Team today. 

Our realtors have years of experience working in the Houston metropolitan area. Our familiarity with the local market trends, as well as our legendary customer service, are why we’ve developed a reputation as the best realtor in Houston. 

We can easily help you find the value of your home, and if you decide you want to sell it, our unique Guaranteed Sale Program protects your interests and ensures a risk-free sale.

To learn more about getting a home valuation from our team, give us a call at 713-322-5604. You can also fill out the form on this page or send a message to [javascript protected email address].

To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!