I live in an urban "transitional" neighborhood in an urban Midwestern city. I bought a redeveloped home after it had been foreclosed on in 2004 - for 60% of its original asking price. Regardless of the sale price of the home - Zillow has it for 200% of what I paid. The (abandoned and falling apart) house next door is listed by Zillow as valued at 100,000. It just sold for 1,000. Yes, it just sold for 1% of he zillow stated value of the home.