The real estate world is abuzz about Zillow.com, which provides free, instant valuations of any house just by giving it an address. No e-mail required, no Realtor bugging you. It uses data from tax records and historical prices of homes selling in the neighborhood. You know every single homeowner that hears about this is going to type their address in. Thus, the site crashed promptly after its launch. But it’s back up for now.
Be aware that it is still in Beta, which means it doesn’t quite have all the data it needs to be accurate in all areas of the country. Read this Businessweek post ‘Zillow Goes Live–Too Soon?’ for more details. I did my place and my parents’. Prices seemed on the low side to me.