A method and system for providing an online interactive real estate game allows individual players and teams of players to make guesses on any number of real estate variables, such as prices, trends, or characteristics of a property. In one embodiment, a server hosts the real estate game, and receives from a player/team a choice of a type of the real estate game to play. The player/team submits guesses for real estate variables for the chosen real estate game. Points are awarded based on the player or team' s performance and activities. The guesses are collected and used to generate statistical reports on the real estate variables. The reports can then be distributed to third parties, such as an owner, seller, buyer or agent of the property. The collected guesses may further be used to refine a player' s home search.