A fracture model for a hydraulic fracture in a wellbore can be updated and calibrated. Information about a microseismic event can be received from a sensor that is monitoring a subterranean formation. The information can be received subsequent to a fracking fluid being introduced into the formation. An observed geometry of a hydraulic fracture can be determined based on the information and a predicted geometry of the fracture can be determined based on properties of the fracking fluid and a fracture model. The fracture model can be updated using the information about the microseismic event where it is determined that an uncertainty value of the observed geometry does not exceed a pre-set maximum. The uncertainty value can be based on the predicted geometry of the hydraulic fracture.