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This paper presents a model that uses the information that sellers publish in real estate market websites to predict whether a property has higher or lower price than the average price of its similar properties. The model learns the…

Machine Learning · Computer Science 2023-03-28 Vladimir Vargas-Calderón , Jorge E. Camargo

Home sale prices are formed given the transaction actors economic interests, which include government, real estate dealers, and the general public who buy or sell properties. Generating an accurate property price prediction model is a major…

Machine Learning · Computer Science 2020-08-25 Shashi Bhushan Jha , Vijay Pandey , Rajesh Kumar Jha , Radu F. Babiceanu

With everyone trying to enter the real estate market nowadays, knowing the proper valuations for residential and commercial properties has become crucial. Past researchers have been known to utilize static real estate data (e.g. number of…

Machine Learning · Computer Science 2022-05-04 Walter Coleman , Ben Johann , Nicholas Pasternak , Jaya Vellayan , Natasha Foutz , Heman Shakeri

Developing an accurate prediction model for housing prices is always needed for socio-economic development and well-being of citizens. In this paper, a diverse set of machine learning algorithms such as XGBoost, CatBoost, Random Forest,…

Machine Learning · Computer Science 2020-06-19 Shashi Bhushan Jha , Radu F. Babiceanu , Vijay Pandey , Rajesh Kumar Jha

The real estate market is exposed to many fluctuations in prices because of existing correlations with many variables, some of which cannot be controlled or might even be unknown. Housing prices can increase rapidly (or in some cases, also…

Real estate prices have a significant impact on individuals, families, businesses, and governments. The general objective of real estate price prediction is to identify and exploit socioeconomic patterns arising from real estate…

Computers and Society · Computer Science 2022-10-13 Yaping Zhao , Ramgopal Ravi , Shuhui Shi , Zhongrui Wang , Edmund Y. Lam , Jichang Zhao

In recent years several complaints about racial discrimination in appraising home values have been accumulating. For several decades, to estimate the sale price of the residential properties, appraisers have been walking through the…

Econometrics · Economics 2021-10-15 Mahdieh Yazdani

Real estate appraisal is a complex and important task, that can be made more precise and faster with the help of automated valuation tools. Usually the value of some property is determined by taking into account both structural and…

Computers and Society · Computer Science 2021-09-17 Francesco Bergadano , Roberto Bertilone , Daniela Paolotti , Giancarlo Ruffo

As a basic human need, housing plays a key role in enhancing health, well-being, and educational outcome in society, and the housing market is a major factor for promoting quality of life and ensuring social equity. To improve the housing…

Machine Learning · Computer Science 2025-06-16 Abdalwahab Almajed , Maryam Tabar , Peyman Najafirad

Pricing a rental property on Airbnb is a challenging task for the owner as it determines the number of customers for the place. On the other hand, customers have to evaluate an offered price with minimal knowledge of an optimal value for…

Machine Learning · Computer Science 2021-09-08 Pouya Rezazadeh Kalehbasti , Liubov Nikolenko , Hoormazd Rezaei

Real estate appraisal, which is the process of estimating the price for real estate properties, is crucial for both buys and sellers as the basis for negotiation and transaction. Traditionally, the repeat sales model has been widely adopted…

Computer Vision and Pattern Recognition · Computer Science 2017-07-31 Quanzeng You , Ran Pang , Liangliang Cao , Jiebo Luo

In this paper, we show how using publicly available data streams and machine learning algorithms one can develop practical data driven services with no input from domain experts as a form of prior knowledge. We report the initial steps…

Computers and Society · Computer Science 2017-04-18 Vahid Moosavi

The use of Artificial Intelligence (AI) in the real estate market has been growing in recent years. In this paper, we propose a new method for property valuation that utilizes self-supervised vision transformers, a recent breakthrough in…

Computer Vision and Pattern Recognition · Computer Science 2023-02-02 Mahdieh Yazdani , Maziar Raissi

An accurate prediction of house prices is a fundamental requirement for various sectors including real estate and mortgage lending. It is widely recognized that a property value is not solely determined by its physical attributes but is…

Machine Learning · Computer Science 2024-02-07 Hemlata Sharma , Hitesh Harsora , Bayode Ogunleye

In this paper, we review modern approaches to building interpretable models of property markets using machine learning on the base of mass valuation of property in the Primorye region, Russia. There are numerous potential difficulties one…

Statistical Finance · Quantitative Finance 2026-02-18 Alexey S. Tanashkin , Irina G. Tanashkina , Alexander S. Maksimchuik

Urban house prices are strongly associated with local socioeconomic factors. In literature, house price modeling is based on socioeconomic variables from traditional census, which is not real-time, dynamic and comprehensive. Inspired by the…

Econometrics · Economics 2018-09-12 Enwei Zhu , Stanislav Sobolevsky

Machine learning algorithms are increasingly employed to price or value homes for sale, properties for rent, rides for hire, and various other goods and services. Machine learning-based prices are typically generated by complex algorithms…

Theoretical Economics · Economics 2023-02-21 Nikhil Malik , Emaad Manzoor

This study investigates the efficacy of machine learning models for predicting house rental prices in Ghana, addressing the need for accurate and accessible housing market information. Utilising a comprehensive dataset of rental listings,…

Machine Learning · Computer Science 2025-01-14 Philip Adzanoukpe

Online real estate platforms have become significant marketplaces facilitating users' search for an apartment or a house. Yet it remains challenging to accurately appraise a property's value. Prior works have primarily studied real estate…

Machine Learning · Computer Science 2021-02-17 Kirill Solovev , Nicolas Pröllochs

Successfully predicting gentrification could have many social and commercial applications; however, real estate sales are difficult to predict because they belong to a chaotic system comprised of intrinsic and extrinsic characteristics,…

Machine Learning · Statistics 2019-02-05 Timothy J. Kiely , Nathaniel D. Bastian
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