Redfin is a website that provides an estimate of a homes value. Here are some ways to determine your homes value on Redfin:

1. Home Value Estimator: Redfins home value estimator provides a free, instant home-value estimate based on nearby sales and market trends. To use this tool, you need to enter your homes address and some basic information about your home. The estimate is based on the most up-to-date data from the multiple listing service (MLS).

2. Redfin Estimate: The Redfin Estimate is a calculation of the market value of an individual home. It is highly accurate, with a median error rate of 2.09% for on-market homes. Redfin uses MLS data on recently-sold homes to calculate your propertys current market value, making it the most accurate online home-value estimate for on-market homes. To use this tool, you need to claim your home on Redfin.com. The Redfin Estimate of your home’s value will also be sent to you monthly.

3. Home Valuation Formula: Another option for determining your home’s value is a home valuation formula, like Redfin Estimate. This tool provides the most accurate online estimate of your home’s value based on the most up-to-date data from the MLS. However, it is not the same as a formal home appraisal or speaking with a real estate agent.

4. Redfin Owner Estimate: The Redfin Owner Estimate is a tool for homeowners to estimate their homes value that combines the best of machine learning and human insight. To use this tool, you need to update your home facts and enter any renovations. Then, the same core machine learning model that powers the Redfin Estimate identifies 25 recently sold homes that are similar to yours based on size, location, and other home facts. You pick at least five of these homes that are most similar to your own, which Redfin uses to calculate your Owner Estimate.

It is important to note that while these tools can provide a good estimate of your homes value, they are not a substitute for the expert pricing advice of a real estate agent.