Zillow Prize will award $1M to the person or team who most improves Zestimate

  • Zillow will give $1 million to the team or person who builds an algorithm that beats Zillow's benchmark accuracy "and enhance[s] the accuracy further than any other competitor."
  • The initial entry deadline is October 16, 2017, and the final winner will be chosen on or around January 15, 2019.

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In 2009, Netflix gave $1 million to BellKor’s Pragmatic Chaos technology team for building a better movie rating prediction algorithm (to the tune of 10.06 percent) than the one Netflix had been using. It appears that 2017 is the year Zillow follows in the media platform’s footsteps.