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Guide - Reading housing data

Zillow housing numbers explained: home value index, sale-to-list, months of supply

What Zillow's home value index, price tiers, sale-to-list, months of supply, days to pending, rent and heat index mean, with Atlanta and US figures.

Last checked November 8, 2026. Every rule below names its source; the official pages are listed at the end with their own dates.

In short

  • The typical home value is Zillow's index for homes in the middle third of values, smoothed and seasonally adjusted.
  • Sale-to-list, days to pending and months of supply show how fast homes sell.
  • Our US metro and Georgia city pages use Zillow Research's free public data, with attribution.

The measures

MeasureWhat it means
Typical home value (ZHVI)Zillow's estimate for homes in the middle third of values (roughly the 33rd to 67th percentile), smoothed and seasonally adjusted
Lower and higher-priced thirdsThe same index for the cheaper third and the dearer third of homes
Median sale priceThe middle sale price of the month
Sale price vs askingMedian sale price as a share of the list price; above 100% means over asking
Homes sold above askingShare of sales above the list price
Days to an accepted offerMedian days from listing to pending
Months of supplyHomes for sale divided by homes sold in the month (Georgia cities: by homes going under contract), worked out by Money Globe X from Zillow's counts
Typical rent (ZORI)Zillow Observed Rent Index, all home types
Market heat indexZillow's 0-100 scale of buyer's to seller's market

Today's figures

Live data: Atlanta metro and the US, September 2026

AreaTypical home value1 yearSale price vs askingMonths of supplyTypical rent
United States (all metros)$366,157+1.2%99.3%4.4 months$1,932
Atlanta, GA$375,898-1.5%98.9%5.3 months$1,843

Source: Zillow Research, September 2026; months of supply worked out by Money Globe X from Zillow's counts. Data updated November 09, 2026.

Live data: Georgia home values, September 2026

CityTypical home value1 yearTypical rentDays to an accepted offer
Atlanta$380,331-1.9%$1,94254 days
Savannah$318,893-3.0%$1,71240 days
Augusta$187,663+2.4%$1,34449 days
Columbus$175,906+3.1%$1,33122 days
Macon$171,522+2.6%$1,21038 days
Athens$338,623+1.6%$1,78248 days

Source: Zillow Research (Zillow Home Value Index and Zillow Observed Rent Index), September 2026. Data updated November 08, 2026.

Reading them together

A value that rises while months of supply also rise and days to pending lengthen describes a market that is slowing down; the opposite describes one that is speeding up. Each figure has its own month, shown on the city pages.

Questions

What is the Zillow Home Value Index?

Zillow's estimate of the typical home value for homes in the middle third of values, smoothed and seasonally adjusted.

What does sale-to-list mean?

The sale price as a share of the asking price; 98% means homes sold 2% below asking on the median.

How is months of supply worked out?

Homes for sale divided by homes sold in the month, from Zillow's counts.

Is Zillow data free to use?

Zillow Research makes its data free for public use with attribution to Zillow.

Related guides

Sources

  1. Zillow Research data

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Last checked November 8, 2026. General information only - not financial, legal, tax or real estate advice. Rules change: confirm with the official source or a licensed professional before you act.