House pricing prediction

The real estate industry plays a vital role in the economy, and accurate house price prediction is essential for buyers, sellers, investors, and financial institutions.This project focuses on building a data-driven model to predict house prices based on various property features such as location, area, number of bedrooms and bathrooms, year of construction, and nearby amenities.Using machine learning algorithms, the system analyzes historical housing data to learn patterns and correlations between property features and their market values.Algorithms such as Linear Regression, Decision Tree, and Random Forest are evaluated for performance, and the best-performing model is selected based on accuracy and error metrics.The objective of this project is to create a reliable, efficient, and scalable solution that can predict house prices with high precision.This can help users make informed decisions and reduce the uncertainty in real estate investments.The outcome demonstrates how machine learning can effectively support real-world applications in the real estate domain.

Publication Details

Journal
International Research Journal of Modernization in Engineering Technology and Science
Published
2025-10-03
DOI
https://doi.org/10.56726/irjmets81075
Primary Topic
Housing Market and Economics
Type
article
Field-Weighted Citation Impact
0.00
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article

House pricing prediction

International Research Journal of Modernization in Engineering Technology and Science
Housing Market and Economics
article

House pricing prediction

article en

Abstract

The real estate industry plays a vital role in the economy, and accurate house price prediction is essential for buyers, sellers, investors, and financial institutions.This project focuses on building a data-driven model to predict house prices based on various property features such as location, area, number of bedrooms and bathrooms, year of construction, and nearby amenities.Using machine learning algorithms, the system analyzes historical housing data to learn patterns and correlations between property features and their market values.Algorithms such as Linear Regression, Decision Tree, and Random Forest are evaluated for performance, and the best-performing model is selected based on accuracy and error metrics.The objective of this project is to create a reliable, efficient, and scalable solution that can predict house prices with high precision.This can help users make informed decisions and reduce the uncertainty in real estate investments.The outcome demonstrates how machine learning can effectively support real-world applications in the real estate domain.

International Research Journal of Modernization in Engineering Technology and Science
Openalex Percentile: Top 64%
Housing Market and Economics
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