When Comparing Days On Market (DOM) For Different Communities, Zip Codes, And Neighborhoods, The DOM Can, And Often Times Does, Indicate Different Levels Of Desirability:
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High Demand = Faster Sales: If homes in one ZIP code sell much faster, it's often because more buyers are interested, suggesting higher demand and greater perceived desirability.
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Perceived Value: Short DOM usually correlates with areas that offer better schools, safety, amenities, or commute times — qualities that make them more attractive.
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Market Momentum: A shorter DOM often reflects a hotter market, where properties are competitively priced and buyers are eager to move quickly.
But Days On Market Alone Isn’t Fool Proof:
Several factors can distort what DOM actually tells you:
Factor |
Impact |
|
---|---|---|
Overpricing | In less desirable areas, sellers may overprice homes, inflating DOM. | |
Investor Activity | In some “hot” areas, especially when interest rates are atypically low, high investor presence can reduce DOM artificially. | |
Home Price Range | The top 10-25% price point wise tends to stay on market longer regardless of desirability. | |
Inventory Levels |
|
Small Sample Size Can Skew Averages A community with very low inventory might have shorter or longer DOM simply due to fewer sales, not less demand. Example: If 3 homes sold in a month and one took 90 days while the others took 15 days, the average DOM jumps to 40 days — even though most sold quickly. Inventory Bottleneck In high-demand, low-inventory areas, buyers might be waiting for the "right" property. If the few homes listed don’t match their needs (wrong layout, price, etc.), they sit longer, not because demand is weak, but because supply isn't a good fit. Pricing Mismatch In low-inventory markets, some sellers may test high prices, assuming demand will carry the sale. If they overshoot, the home sits — again increasing DOM. Timing Effects In tight markets, homes may enter and exit quickly, and what's left are the stale listings. So when you look at DOM, you're mostly seeing what hasn’t sold yet, which inflates the average DOM. |
How to Use DOM Insightfully:
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Compare DOM + Sale Price Trends: Desirable areas often show low DOM and rising prices.
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Look at DOM by price tier: A long DOM in the $2M+ range might be normal in a great area.
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Pair with list-to-sale price ratio: A low DOM and high % of asking price suggests strong demand.
Bottom Line:
Yes, large differences in DOM between ZIP codes can reflect greater or lesser desirability — still to be certain, any differences should be interpreted in context by Mitch as your REALTOR, alongside pricing trends, inventory, and local market conditions. If you want to take a deeper dive into How The Market Is Today in the Greater Indy Area's and communities then Mitch helps with that too!

About Mitch
Mitch leverages his local expertise, combined with his meaningful business and life experiences, and decades of professional leadership and growth in the construction and technology industries to contribute to his success as one of Greater Indy's Top REALTORs.
Mitch is committed to helping change the lives of his clients as they start their next chapter, by making it easier, more enjoyable and more profitable for his clients that design, build, buy, and sell their home, condo, townhouse or investment property!
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Based On Recent Activity In The Area... What's A Property Worth
If you're like most home sellers, you want to sell your home quickly and for the maximum amount of money. However real estate values are not like a ten-dollar bill that is worth $10 regardless of if it’s crisp and brand new, or if it’s twenty years old, dirty and torn. Neither the condition of the bill in your hand, the condition of other ten-dollar bills, nor the location of where you are holding the bill will change its value! If the value of real estate was also this precise and exact, just like the value of a dollar bill, then there would frankly be no need for real estate agents!
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