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Zillow Status Meanings: Uncover The Secrets Behind Home Listings

butchkaliva December 28, 2024

What are Zillow Status Meanings?

Zillow status meanings are a set of codes that indicate the current status of a property listing on Zillow. They provide information about the availability of the property, whether it is for sale or rent, and any other relevant details.

Some of the most common Zillow status meanings include:

For Sale: The property is currently for sale.
For Rent: The property is currently for rent.
Pending: The property is under contract and is no longer available for sale or rent.
Sold: The property has been sold and is no longer available.
Off Market: The property is no longer available for sale or rent and has been removed from the market.

Zillow status meanings are important because they provide potential buyers and renters with information about the availability of a property. They can also help to track the progress of a property sale or rental.

Zillow Status Meanings

Availability: Indicates whether the property is for sale or rent.
Contract status: Indicates whether the property is under contract or has been sold.
Listing status: Indicates whether the property is active, pending, or off market.
Timeline: Indicates how long the property has been on the market.
Price: Indicates the current asking price of the property.
Location: Indicates the location of the property, including the address, city, and state.

For example, a property that is listed as "For Sale" and has a "Pending" status means that the property is under contract and is no longer available for sale. A property that is listed as "For Rent" and has an "Active" status means that the property is currently available for rent.

1. Availability

The availability status of a property on Zillow is one of the most important pieces of information for potential buyers and renters. It indicates whether the property is currently for sale or rent, or if it is no longer available.

For Sale: This means that the property is currently on the market and available for purchase.
For Rent: This means that the property is currently available for rent.
Pending: This means that the property is under contract and is no longer available for sale or rent.
Sold: This means that the property has been sold and is no longer available.
Off Market: This means that the property is no longer available for sale or rent and has been removed from the market.

The availability status of a property can change at any time. For example, a property that is listed as "For Sale" may go under contract and change to "Pending" status. A property that is listed as "For Rent" may be rented and change to "Off Market" status.

It is important to note that the availability status of a property on Zillow is not always accurate. For example, a property that is listed as "For Sale" may actually be under contract or have already been sold. It is always best to contact the listing agent to confirm the availability of a property before making any decisions.

2. Contract status

The contract status of a property is an important piece of information for potential buyers and renters. It indicates whether the property is currently under contract, which means that it is no longer available for sale or rent. It also indicates whether the property has been sold, which means that it is no longer available at all.

Pending: This means that the property is under contract and is no longer available for sale or rent.
Sold: This means that the property has been sold and is no longer available.

The contract status of a property can change at any time. For example, a property that is listed as "Pending" may change to "Sold" if the sale is completed. A property that is listed as "Sold" may change to "Off Market" if the property is removed from the market.

It is important to note that the contract status of a property on Zillow is not always accurate. For example, a property that is listed as "Pending" may actually have fallen out of contract. It is always best to contact the listing agent to confirm the contract status of a property before making any decisions.

3. Listing status

The listing status of a property is an important piece of information for potential buyers and renters. It indicates the current status of the property on the market, whether it is active, pending, or off market.

Active: This means that the property is currently on the market and available for sale or rent.
Pending: This means that the property is under contract and is no longer available for sale or rent.
Off Market: This means that the property is no longer available for sale or rent and has been removed from the market.

The listing status of a property can change at any time. For example, a property that is listed as "Active" may go under contract and change to "Pending" status. A property that is listed as "Pending" may be sold and change to "Off Market" status.

It is important to note that the listing status of a property on Zillow is not always accurate. For example, a property that is listed as "Active" may actually be under contract or have already been sold. It is always best to contact the listing agent to confirm the listing status of a property before making any decisions.

4. Timeline

The timeline of a property on Zillow is an important piece of information for potential buyers and renters. It indicates how long the property has been on the market, which can give insight into the seller's motivation and the desirability of the property.

Days on Market: This is the number of days that the property has been listed on Zillow. A high number of days on market can indicate that the property is overpriced or undesirable.
Price Changes: This shows how the price of the property has changed over time. A property that has had multiple price reductions may be overpriced or undesirable.
Listing History: This shows the history of the property's listing status, including when it was listed, when it went under contract, and when it was sold. A property that has been listed multiple times may be overpriced or undesirable.

The timeline of a property on Zillow can be a useful tool for potential buyers and renters to assess the property's desirability and make informed decisions.

5. Price

The price of a property is one of the most important pieces of information for potential buyers and renters. It is a key factor in determining whether or not a property is affordable and whether or not it is a good investment.

The price of a property is also an important component of Zillow status meanings. The price of a property can indicate the desirability of the property, the motivation of the seller, and the current market conditions.

For example, a property that is priced significantly below market value may be undesirable or in need of major repairs. A property that is priced significantly above market value may be overpriced or the seller may be unrealistic about the value of the property.

The price of a property can also change over time. A property that has been on the market for a long time may have a price reduction. A property that is in high demand may have a price increase.

It is important to note that the price of a property on Zillow is not always accurate. For example, a property that is listed for $1 million may actually sell for $900,000. It is always best to contact the listing agent to confirm the price of a property before making any decisions.

Understanding the connection between price and Zillow status meanings is important for potential buyers and renters. It can help them to make informed decisions about which properties to view and which properties to make offers on.

6. Location

The location of a property is one of the most important pieces of information for potential buyers and renters. It can affect the value of the property, the desirability of the property, and the quality of life for the people who live there.

Neighborhood: The neighborhood in which a property is located can have a big impact on its value and desirability. A property in a desirable neighborhood will typically be worth more than a property in a less desirable neighborhood.
School district: The school district in which a property is located is also an important factor for many buyers and renters. A property in a good school district will typically be worth more than a property in a less desirable school district.
Commute time: The commute time to work or school is another important factor for many buyers and renters. A property with a short commute time will typically be worth more than a property with a long commute time.

The location of a property is also an important component of Zillow status meanings. The location of a property can affect its availability, contract status, listing status, timeline, and price.

For example, a property that is located in a desirable neighborhood is more likely to be available for sale or rent. A property that is located in a less desirable neighborhood is more likely to be under contract or off market.

Understanding the connection between location and Zillow status meanings is important for potential buyers and renters. It can help them to make informed decisions about which properties to view and which properties to make offers on.

Zillow Status Meanings FAQs

This section provides answers to frequently asked questions (FAQs) about Zillow status meanings. These FAQs are designed to help potential buyers and renters understand the different status meanings and how they can be used to make informed decisions about properties.

Question 1: What is the difference between "For Sale" and "For Rent" status?

Answer: "For Sale" status indicates that the property is currently available for purchase. "For Rent" status indicates that the property is currently available for rent.

Question 2: What does "Pending" status mean?

Answer: "Pending" status means that the property is under contract and is no longer available for sale or rent. The property will remain in "Pending" status until the sale is completed or the contract is terminated.

Question 3: What does "Sold" status mean?

Answer: "Sold" status means that the property has been sold and is no longer available for sale or rent. The property will remain in "Sold" status until it is relisted.

Question 4: What does "Off Market" status mean?

Answer: "Off Market" status means that the property is no longer available for sale or rent and has been removed from the market. The property may be relisted in the future, but it is not currently available.

Question 5: How can I use Zillow status meanings to make informed decisions about properties?

Answer: Zillow status meanings can be used to identify properties that are available for sale or rent, to track the progress of a property sale or rental, and to assess the desirability of a property.

Understanding Zillow status meanings is essential for potential buyers and renters. By understanding the different status meanings, potential buyers and renters can make more informed decisions about which properties to view and which properties to make offers on.

For more information about Zillow status meanings, please visit the Zillow Help Center.

Conclusion

Zillow status meanings are a valuable tool for potential buyers and renters. They provide information about the availability of a property, the contract status, the listing status, the timeline, the price, and the location. This information can be used to make informed decisions about which properties to view and which properties to make offers on.

Understanding Zillow status meanings is essential for navigating the real estate market. By understanding the different status meanings, potential buyers and renters can be more successful in finding the right property for their needs.