The Days on Market (DOM) Calculator helps real estate professionals, buyers, and sellers determine how long a property has been listed for sale before being sold, withdrawn, or de-listed. It provides insight into market trends, helping users assess the demand for a property and make informed decisions about pricing and sales strategy.
A lower DOM generally indicates a strong market with high buyer interest, while a higher DOM may signal a slower market or an overpriced listing. This calculator is essential for real estate agents, investors, and home sellers to evaluate property performance.
Formula for Days On Market Calculator
The formula to calculate Days on Market is:
Days on Market (DOM) = Listing End Date - Listing Start Date
Where:
- Listing Start Date = The date when the property was first listed
- Listing End Date = The date when the property was sold, withdrawn, or de-listed
To calculate:
DOM = (Sale Date or Removal Date) - (Listing Date)
This formula helps real estate professionals track how long properties stay on the market before they are sold or removed.
Days on Market Reference Table
To simplify the calculation, here’s a reference table with estimated days on market based on common listing scenarios:
| Listing Start Date | Listing End Date | Days on Market (DOM) |
|---|---|---|
| January 1 | January 20 | 19 days |
| March 1 | March 31 | 30 days |
| April 15 | June 15 | 61 days |
| May 1 | August 1 | 92 days |
| July 10 | October 10 | 92 days |
| September 1 | December 1 | 91 days |
This table helps real estate professionals quickly estimate how long properties remain list before being sell or withdrawn.
Example of Days On Market Calculator
Let’s assume a house was list for sale on April 1, 2024, and it was sell on July 10, 2024.
Using the formula:
Days on Market = July 10 - April 1
Days on Market = 100 days
This means the property was on the market for 100 days before it was sold.
Most Common FAQs
DOM helps buyers and sellers assess market conditions. A low DOM suggests high demand, while a high DOM may indicate that the property is overprice or in a slow market.
To reduce DOM, sellers can adjust their pricing strategy, improve marketing efforts, enhance property appeal, and work with an experienced real estate agent.
Yes, DOM is based on calendar days and includes weekends and holidays. Some real estate platforms may adjust it for business days, but the standard method includes all days.