Sudden, Drastic Change in Zillow Zestimate for no apparent reason?

Hey all, I noticed that the Zillow Zestimate for my newly purchased home dropped $177K overnight. I know that the zestimate shouldn’t be relied on and does not represent an official appraisal value, but its kind of awkward as we’ve begun sharing our new address with friends and family and it basically shows we paid signifincatly over the fmv. No home facts changed and no other homes in the neighborhood changed eitgher.

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Has anyone else experienced this before? If so, did it self correct eventually? Thanks!!

submitted by /u/ProfitProphet123
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Hey all, I noticed that the Zillow Zestimate for my newly purchased home dropped $177K overnight. I know that the zestimate shouldn’t be relied on and does not represent an official appraisal value, but its kind of awkward as we’ve begun sharing our new address with friends and family and it basically shows we paid signifincatly over the fmv. No home facts changed and no other homes in the neighborhood changed eitgher. ā€‹ Has anyone else experienced this before? If so, did it self correct eventually? Thanks!! submitted by /u/ProfitProphet123 [link] [comments]

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