Zillow is a leading real estate and rental marketplace that has been providing innovative solutions to home buyers, sellers, renters, and landlords since 2006. With over 221 million unique users in 2020 alone, Zillow's platform offers an array of services including listings for homes for sale or rent as well as tools such as the "Zestimate" home valuation tool. In this blog post we will be exploring some interesting statistics about Zillow from its revenue growth to user visits and more.
Zillow Statistics Overview
As of January 2022, Zillow.com ranks 37th in the United States by website traffic.
This statistic is a testament to the success of Zillow.com, as it shows that the website is one of the most popular in the United States. It is a clear indication that Zillow is a trusted source for real estate information and services, and that its services are in high demand. This statistic is an important piece of evidence to include in a blog post about Zillow Statistics, as it demonstrates the success of the company.
From 2014 to 2020, Zillow's revenue grew at a compound annual growth rate (CAGR) of 27%.
This statistic is a testament to Zillow's success over the past six years, demonstrating a remarkable 27% compound annual growth rate. It is a clear indication of the company's ability to capitalize on the ever-evolving real estate market and its commitment to providing quality services to its customers. This impressive growth rate is a testament to Zillow's success and a key factor in why it is one of the most successful real estate companies in the world.
Zillow estimates that approximately 80% of U.S. homes have been viewed on their platform.
This statistic is a testament to the power of Zillow's platform, demonstrating that it has become a go-to resource for home buyers and sellers across the United States. It speaks to the trust that people have in Zillow's services, and the impact it has had on the real estate industry.
Zillow's Premier Agent advertising program is responsible for 71% of its revenue.
This statistic is a testament to the success of Zillow's Premier Agent advertising program, highlighting the immense impact it has had on the company's revenue. It is a clear indication that the program has been a major driving force behind Zillow's success, and is an important factor to consider when discussing the company's overall performance.
Zillow reached over 221 million unique users during 2020.
This statistic is a testament to the success of Zillow in 2020, demonstrating the company's ability to reach a vast audience. It is a clear indication of the company's growth and popularity, and serves as a powerful reminder of the impact Zillow has had on the real estate industry.
Zillow's median error rate for its "Zestimate" home valuation tool is 1.9% for on-market homes.
This statistic is a testament to the accuracy of Zillow's "Zestimate" home valuation tool, demonstrating that it is a reliable source for estimating the value of on-market homes. This is an important point to make in a blog post about Zillow Statistics, as it shows that the company is committed to providing accurate and up-to-date information to its customers.
Zillow's year-over-year growth in revenue was 8% in Q4 2020 compared to Q4 2019.
The 8% year-over-year growth in revenue for Zillow in Q4 2020 compared to Q4 2019 is a testament to the company's success in a challenging economic climate. This impressive growth highlights the strength of Zillow's business model and its ability to remain resilient in the face of adversity. It is a clear indication that Zillow is a reliable and profitable investment for those looking to diversify their portfolios. This statistic is a powerful reminder of the company's success and is an important factor to consider when discussing Zillow's performance.
Zillow has over 5,300 employees as of September 2021.
This statistic is a testament to the success of Zillow, demonstrating the company's growth and ability to attract and retain a large number of employees. It speaks to the company's commitment to providing a positive work environment and the trust that employees have in the company. This statistic is a reflection of the company's success and is an important indicator of its future prospects.
Zillow's market capitalization as of January 2022 is around $19.4 billion.
The impressive market capitalization of $19.4 billion as of January 2022 is a testament to Zillow's success and growth over the years. This figure is a reflection of the company's financial strength and stability, and serves as a reminder of the trust and confidence that investors have in Zillow's business model. It is a clear indication that Zillow is a leader in the real estate industry and is well-positioned to continue its success in the future.
In Q2 2021, Zillow completed 3,805 home sales through its Zillow Offers program.
This statistic is a testament to the success of Zillow's Offers program, demonstrating that the company is continuing to make strides in the real estate market. It shows that Zillow is a reliable and trusted source for home buyers and sellers, and that its services are in high demand. This statistic is an important indicator of the company's growth and success, and is a great addition to any blog post about Zillow Statistics.
Zillow was founded in 2006 by Rich Barton and Lloyd Frink.
This statistic is a testament to the longevity of Zillow, which has been providing real estate services since its founding in 2006. It speaks to the trustworthiness of the company, as it has been in business for over a decade and has established itself as a leader in the industry. This is an important point to make in a blog post about Zillow Statistics, as it demonstrates the reliability of the company and its services.
Between 2019 and 2020, Zillow's iBuying revenue dropped by 63%.
This statistic is a telling indication of the impact of the pandemic on Zillow's iBuying business. It highlights the need for the company to adjust its strategies and operations to remain competitive in the current market. It also serves as a reminder of the importance of staying agile and responsive to changing market conditions.
Zillow's total revenue for Q4 2020 was $789 million.
This statistic is a testament to Zillow's success in Q4 2020, demonstrating the company's ability to generate a substantial amount of revenue despite the economic challenges of the pandemic. It is a clear indication that Zillow is a strong and reliable business, and a great example of how the real estate industry has been able to remain resilient in the face of adversity.
In February 2022, the average monthly rental price in the United States according to Zillow was $1,771 per month.
This statistic is a valuable insight into the current state of the rental market in the United States. It provides a snapshot of the average monthly rental price in February 2022, giving readers an idea of what to expect when looking for a rental property. This information can be used to compare rental prices across different regions and cities, helping renters make informed decisions about where to live. Additionally, this statistic can be used to track changes in rental prices over time, allowing readers to gauge the impact of economic and market forces on the rental market.
From 2018 to 2020, Zillow's revenue from its Homes segment grew 647%.
This statistic is a testament to Zillow's success in the Homes segment, demonstrating the company's impressive growth over the past two years. It is a clear indication that Zillow is a leader in the real estate industry and is continuing to expand its reach. This statistic is an important part of understanding the success of Zillow and its impact on the real estate market.
Conclusion
Zillow has experienced tremendous growth since its founding in 2006. In 2020, the company reported $3.34 billion in revenue and had over 221 million unique users visit their platform during that year alone. Zillow's Premier Agent advertising program is responsible for 71% of its total revenue, while their iBuying segment saw a 63% drop between 2019 and 2020 due to the pandemic-induced housing crisis. As of January 2022, Zillow Group had 5,300 employees with an average tenure of 1.4 years and a market capitalization of around $19.4 billion dollars - making it one of the most successful real estate technology companies today.
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