How it works
- Open a listing on Multilistado or on the map.
- Check the midpoint and range in dollars.
- Compare the asking price with the estimate and the price per m² with the neighborhood.
- Ask a verified agent to adjust it based on what they see in person.
The Multilistado Estimate is an automatic value range shown on Multilistado listings, both those from verified agents and the other-portal listings we show on the map. It gives you a quick read on whether an asking price is high, low or in line with similar homes in the area. It's a data-driven estimate, not an appraisal (avalúo): it doesn't replace an agent's opinion or a professional appraiser's.
What you see on a listing
- A midpoint and a range in US dollars (a central value with a low and a high).
- Asking price vs. the estimate: whether the listed price is in line, above or below, and by what percentage.
- Price per m² vs. the neighborhood: the home's price per square meter compared with the colonia's median for the same property type, when there are at least 5 listings to calculate it.
- A link to the accuracy page, where we publish how close the estimate gets.
You'll find it on the listing page, on map markers and in the buyer app.
How it's calculated
Every night we recalculate the estimate for every listing with enough data. We combine two methods:
- Comparables. We look for homes of the same type and similar size (from 35% smaller to 35% larger in built area), first within 0.8 km, then within 2.5 km and, if that's not enough, across the municipality, and take the median price per m².
- A model that learns from all listings how much each feature is worth: built area, bedrooms, bathrooms, lot size, whether it's in a gated community, distance to the ocean and location.
When both have data, we blend them; when only one does, we use that one. A listing never counts as its own comparable, even when the same home is advertised on several portals.
When we don't show an estimate
- If the asking price is more than 35% above or below the estimate. That almost always means bad data (a mistake in the price or the square meters), so we'd rather show nothing than a misleading number.
- If there aren't enough similar homes in the area to calculate it with reasonable confidence.
What the estimate doesn't know
- It's based on asking prices, not sale prices. Mexico has very little public data on closed sales, and homes usually sell for somewhat less than the asking price.
- It doesn't see the home. It knows nothing about condition, finishes, the exact view, renovations or the legal situation.
- It's less precise in areas with few listings.
An estimate is not an appraisal
An appraisal (avalúo) is done by a professional appraiser who visits the property and reviews documents, and it's what banks require for a mortgage. The Multilistado Estimate is free and instant and helps you get your bearings and compare, but it doesn't carry that weight. If you're buying, selling or applying for a loan, use it as a starting point and ask a verified agent to adjust it based on what they see in person.
For owners and agents
- If you want to know what your home is worth, What's my home worth? uses the same engine with the details you provide.
- Agents can include the estimate in a listing presentation (CMA) as an independent reference.
- Alerts can let you know when a home is listed 8% or more below the estimate.
Tips
- Pay more attention to price per m² vs. the neighborhood than to the exact estimate figure.
- If a home is far below the estimate, ask why before getting excited.
- To see prices across a whole area, use the price map and prices by neighborhood.
Frequently asked questions
Is the Multilistado Estimate an appraisal?
No. It's an automatic calculation from asking prices of similar homes. An appraisal is done by an appraiser who visits the property.
Why doesn't a listing have an estimate?
Either there aren't enough similar homes in the area, or the asking price is more than 35% away from the estimate, which usually signals bad data.
How often is it updated?
It's recalculated every night.
How accurate is it?
We measure it every week and publish the result on the estimate accuracy page.
Why is it in dollars?
The calculation is done in dollars so listings priced in pesos and in dollars can be compared on the same basis.