Redfin is a technology-powered real estate brokerage and platform that combines AI-driven tools with licensed real estate agents to help people buy and sell homes in the United States and Canada. Founded in 2004 by David Eraker, Michael Dougherty, and David Selinger in Seattle, Washington, Redfin operates as a full-service real estate brokerage that employs its own agents while leveraging artificial intelligence and machine learning to improve the home buying and selling experience. Redfin's AI capabilities are centered around its Redfin Estimate, a proprietary automated valuation model that uses machine learning to predict home market values by analyzing factors including recent comparable sales, property characteristics, neighborhood trends, tax assessments, and listing data. The platform applies AI to its home search experience, providing personalized listing recommendations based on user behavior, saved searches, and browsing patterns. Redfin's Hot Homes algorithm uses machine learning to predict which newly listed homes are most likely to sell quickly, helping buyers identify competitive opportunities early. The platform offers Redfin Concierge, a premium service for sellers that includes professional staging, photography, and marketing, alongside standard listing services at reduced commission rates compared to traditional brokerages. Redfin provides free market reports, comparable sales data, and neighborhood insights to consumers through its website and mobile applications. The platform also operates a rental search feature and a mortgage origination service through Redfin Mortgage. As a licensed brokerage, Redfin charges sellers a listing fee that is typically lower than traditional commission rates. Buyer agent services are provided at no direct cost to buyers, with compensation coming from the transaction. The platform's consumer-facing search and valuation tools are available for free.

AI Analytics Tools

Redfin offers comprehensive real estate market analytics including home value estimates, comparable sales analysis, market trend reports, and neighborhood insights. Its data-driven approach provides consumers and agents with AI-generated market intelligence that informs pricing decisions, identifies market opportunities, and tracks real estate trends across metro areas and neighborhoods.

AI Data Analysis

Redfin applies machine learning models to analyze real estate market data including comparable sales, property attributes, neighborhood trends, and listing information. Its automated valuation model processes these data points to generate property value estimates, while its Hot Homes predictive algorithm analyzes listing characteristics and market conditions to forecast which homes will receive offers fastest.

AI Real Estate Tools

Redfin is a technology-powered real estate brokerage that integrates AI throughout its home buying and selling platform. Its Redfin Estimate uses machine learning to predict home values, while its Hot Homes algorithm predicts which listings will sell quickly. The platform combines AI-driven tools with licensed Redfin agents to offer a full-service brokerage experience at reduced commission rates.

AI Search Engines

Redfin provides AI-enhanced real estate search that delivers personalized listing recommendations based on user behavior, saved searches, and browsing patterns. Its search platform surfaces relevant properties through intelligent filtering, and its Hot Homes feature proactively highlights time-sensitive listings that machine learning models predict will sell quickly in competitive markets.

PropTech Stocks

Redfin applies technology to traditional real estate brokerage through AI-powered valuation tools, virtual tours, and data analytics, aiming to reduce costs and improve the home buying experience.

Real Estate Stocks

Redfin is a technology-powered real estate brokerage combining AI-driven tools with licensed agents, offering lower commissions while competing to modernize home buying and selling.