Abstract

The housing market is a standout amongst the most engaged with respect to estimating the price and continues to vary. Individuals are cautious when they are endeavoring to purchase another house with their financial plan and market strategies. Consequently, making the housing market one of the incredible fields to apply the ideas of machine learning on how to enhance and anticipate the house prices with precision. The objective of the paper is the prediction of the market value of a real estate property and present a performance comparison between various regression models applied. Nine algorithms were selected to predict the dependent variable in our dataset and then their performance was compared using R2 score, mean absolute error, mean squared error and root mean squared error. Moreover, this study attempts to analyze the correlation between variables to determine the most important factors that are bound to affect the prices of house.

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