Homes for Sale in Duluth, MN with Newest Listings | realtor.com® (2024)

FAQs

Why is there such a big difference between Zillow and Realtor com? ›

In terms of listing sources, Zillow offers a broader variety of FSBO options, while Realtor.com ensures data accuracy with its focus on licensed agents, impacting potential buyer reach for each platform.

We download listings from most MLS systems every 15 minutes; however, it may take up to 1 business day for changes to reflect on Realtor.com®. Ensure that you are searching for your listing by both the MLS Listing ID, and the address before ruling it missing.

How accurate is the Zestimate? The nationwide median error rate for the Zestimate for on-market homes is 2.4%, while the Zestimate for off-market homes has a median error rate of 7.49%. The Zestimate's accuracy depends on the availability of data in a home's area.

Realtors use the MLS because it has more information, more accurate information, and most importantly the non-public information most relevant to the agent and their buyer. While Zillow may have 40-90 fields of information about the property, the average MLS listing has over 200.

What does “pending” mean in real estate? A pending sale status means the seller has accepted an offer from a hopeful buyer, but the deal hasn't closed yet. (This is different from a contingent sale.) A property is placed in pending status the minute a contract is executed.

Zillow is owned and operated by Zillow Group, a publicly traded company. Realtor.com is owned by parent company Move, Inc. In 2014, Move was sold to the media corporation Newscorp with the Australian company currently owning 80% of the shares in Move, while the Australian specialist portal company REA Group owns 20%.

Zillow is not a brokerage—it is an online real estate listing site. Contrary to Redfin, transactions don't happen through Zillow; it's a source to find listings. Sellers or agents manually list properties on the site; they're not automatically pulled from the MLS.

There are several reasons why Zillow's Zestimate may be inaccurate. For one, the feature relies heavily on publicly available data, such as property tax records and past sales data. This means that it may not take into account certain factors, such as renovations or additions to a home, that could affect its value.