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.
US metro areasGeorgia home prices by cityHome prices by city
The measures
| Measure | What 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 thirds | The same index for the cheaper third and the dearer third of homes |
| Median sale price | The middle sale price of the month |
| Sale price vs asking | Median sale price as a share of the list price; above 100% means over asking |
| Homes sold above asking | Share of sales above the list price |
| Days to an accepted offer | Median days from listing to pending |
| Months of supply | Homes 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 index | Zillow's 0-100 scale of buyer's to seller's market |
Today's figures
Live data: Atlanta metro and the US, September 2026
| Area | Typical home value | 1 year | Sale price vs asking | Months of supply | Typical 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
| City | Typical home value | 1 year | Typical rent | Days to an accepted offer |
|---|---|---|---|---|
| Atlanta | $380,331 | -1.9% | $1,942 | 54 days |
| Savannah | $318,893 | -3.0% | $1,712 | 40 days |
| Augusta | $187,663 | +2.4% | $1,344 | 49 days |
| Columbus | $175,906 | +3.1% | $1,331 | 22 days |
| Macon | $171,522 | +2.6% | $1,210 | 38 days |
| Athens | $338,623 | +1.6% | $1,782 | 48 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.
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Sources
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Create a free accountLast 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.