Smart Property Pricing: A Machine Learning Approach to Real Estate Valuation

This study focuses on predicting real estate prices using machine learning techniques to improve theaccuracy and efficiency of property valuation. The research leverages diverse datasets, including propertyfeatures, location attributes, market trends, and economic indicators, to train machine learning models forreliable price predictions. Popular algorithms such as linear regression, decision trees, random forests, andgradient boosting methods are employed and compared for their predictive performance. Advancedtechniques like hyperparameter tuning, feature engineering, and cross-validation are utilized to enhancemodel accuracy. The study also emphasizes the interpretability of models to ensure that predictions alignwith market realities and stakeholder expectations. By providing data-driven insights, the research aims tosupport stakeholders, including buyers, sellers, and real estate professionals, in making informed decisionsin a competitive housing market.

Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2025-04-14
DOI
https://doi.org/10.5281/zenodo.15207942
Primary Topic
Housing Market and Economics
Type
article
Field-Weighted Citation Impact
0.00
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article

Smart Property Pricing: A Machine Learning Approach to Real Estate Valuation

Zenodo (CERN European Organization for Nuclear Research)
Housing Market and Economics
article

Smart Property Pricing: A Machine Learning Approach to Real Estate Valuation

article en

Abstract

This study focuses on predicting real estate prices using machine learning techniques to improve theaccuracy and efficiency of property valuation. The research leverages diverse datasets, including propertyfeatures, location attributes, market trends, and economic indicators, to train machine learning models forreliable price predictions. Popular algorithms such as linear regression, decision trees, random forests, andgradient boosting methods are employed and compared for their predictive performance. Advancedtechniques like hyperparameter tuning, feature engineering, and cross-validation are utilized to enhancemodel accuracy. The study also emphasizes the interpretability of models to ensure that predictions alignwith market realities and stakeholder expectations. By providing data-driven insights, the research aims tosupport stakeholders, including buyers, sellers, and real estate professionals, in making informed decisionsin a competitive housing market.

Zenodo (CERN European Organization for Nuclear Research)
Sustainable cities and communities
Openalex Percentile: Top 51%
Housing Market and Economics
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Smart Property Pricing: A Machine Learning Approach to Real Estate Valuation · Zenodo (CERN European Organization for Nuclear Research) (2025) | TGRS Research Map | TGRS