This team of engineers beat the Zillow Zestimate by 13%

Zillow is awarding the winning team of their nearly 2-year contest $1M for building a better Zestimate

Team ChaNJestimate was announced Wednesday as the winner of the $1 million Zillow Zestimate challenge, with an algorithm that beat the company’s own baseline by 13 percent. With the algorithm, Zillow expects its Zestimate error rate to fall from 4.5 percent to below 4 percent.