CoStar expands into new-home data with $800M Zonda acquisition
CoStar Group announced a definitive agreement to acquire Zonda for $800 million in cash, expanding its real estate information and marketplaces into the new-home sector with Zonda’s lot-level data, builder workflows, and marketplaces NewHomeSource and Livabl. Zonda serves about 3,000 customers with subscription-revenue and a 104% net retention rate. The deal is expected to be accretive to adjusted EPS in the first full year and should close in the second half of 2026, subject to customary approvals. The combination aims to unlock cross-sell opportunities across CoStar’s commercial, residential, lending, and analytics businesses and will integrate Zonda’s Envision with Matterport’s spatial technology to enhance online marketing of new homes.
