Recent estimated values and recent sale prices should be used together, not interchangeably.
If one number is telling you your home is worth one thing and recent sales are telling you something else, that does not mean the market is broken. In Hacienda Heights, CA, the recent typical estimated value was $1,016,660 while the typical closed price last month was $937,500, and I would read those numbers for different jobs.
The recent typical estimated home value in Hacienda Heights, CA was $1,016,660. That estimate was up 0.2% from the prior month and down 1.5% from 12 months earlier, while the typical closed price last month was $937,500.
I would not collapse those into one conclusion. Estimated value helps create a broad frame, but recent closed price is still the number I trust most when a real selling or buying decision is on the line. That distinction can keep both sellers and buyers from overreacting.
Use estimated value for context and closed sales for execution. Check whether your expectations are being shaped by a model or by actual recent deals. In Hacienda Heights, CA, I would ground any pricing or offer plan in the sale side first.
