Real Estate Price Prediction Using Machine Learning

Real Estate Price Prediction Using Machine Learning

Mrs. Kavitha K.S, Karthik G, Abhishek, Meghana G, Akshatha R

Department of Computer Science & Engineering,
K S School of Engineering & Management, Bengaluru, India
KavithaKS@kssem.edu.in, karthikkg924@gmail.com, sjvabhishek@gmail.com, mouryamegha21@gmail.com, akshathagowda2322@gmail.com

____________________________________________________________________________________________________

Abstract
Accurate real estate price prediction is a critical aspect in property investment, buying, and selling decisions. Machine learning (ML) offers a promising approach to modeling the complex and non-linear relationships between various factors influencing property prices. This study presents a Random Forest-based model trained on a dataset containing historical real estate transactions, location features, property attributes, and market trends. Our model achieved a high prediction accuracy and demonstrated robustness in diverse property conditions. We discuss data preprocessing, feature selection, model training, and evaluation techniques. The results indicate that ML algorithms can significantly enhance decision-making in real estate transactions.

Index Terms - Real Estate, Price Prediction, Machine Learning, Random Forest, Data Preprocessing, Feature Engineering, Model Evaluation, Property Attributes, Regression, Location-Based Pricing.