What Does Days on Market Mean? A Home Buyer's Guide to DOM

Understanding a property's Days on Market (DOM) is crucial for making an informed purchase. DOM is the total number of days a property is actively listed on the multiple listing service (MLS) before a seller accepts an offer. As of 2025, a rising national median DOM indicates a shifting market dynamic, presenting both questions and negotiation opportunities for buyers. This guide explains how to interpret and leverage this key metric.

What is Days on Market (DOM) in Real Estate?

Days on Market (DOM) is a standard industry metric that measures how long a home has been listed for sale. The count begins on the first day the listing is active on the MLS and stops when the seller signs a contract with a buyer. It is a primary indicator of local market demand and pricing accuracy. According to data from Redfin, the national median DOM was 43 days in mid-2025, reflecting a market where homes are taking slightly longer to sell compared to previous years.

What is Considered a Long Time on the Market?

There is no universal number, as a "long" DOM is entirely dependent on local market conditions. Based on our experience assessment, in a highly competitive seller's market, a DOM exceeding 30 days may be considered lengthy. In a more balanced or buyer-friendly market, a DOM of 60 days or more might be the norm. To provide context, recent data shows significant variation by state:

• Florida: Median DOM of 75 days.
• Texas: Median DOM of 58 days. Buyers should compare a property's DOM to similar recently sold homes, known as "comps," in the immediate area for the most accurate assessment.

How Do You Calculate a Property's DOM?

The calculation is straightforward: subtract the listing date from the date an offer was accepted. For example, a home listed on April 10th that goes under contract on April 25th has a DOM of 15 days. It is important to note that if a listing is canceled and relisted, the DOM clock can reset, which may mask how long the property has truly been available. A thorough review of the price history is essential to get the full picture.

Why Should a Buyer Pay Attention to DOM?

For a buyer, a high DOM serves as a signal to investigate further. It often prompts questions about why the property hasn't sold. Common reasons include:

• Overpricing: The most frequent cause of a high DOM is an asking price that exceeds what the market is willing to pay.
• Property Condition: Buyers may suspect underlying issues, such as needed repairs or outdated features.
• Location Challenges: The property might be on a busy street or have other locational drawbacks. However, a high DOM does not automatically mean something is wrong; it could be due to seasonal slow-downs or simply less buyer demand for that specific property type.

How Can a High DOM Be an Opportunity for Buyers?

A property with an elevated DOM can present a unique advantage. A motivated seller may be more receptive to negotiations, transforming a perceived weakness into a strategic opportunity. Key benefits for buyers include:

• Increased Negotiating Power: There is often more room to negotiate on the sale price, request closing cost assistance, or ask for repairs.
• Reduced Competition: You may face fewer competing offers, allowing for a less rushed decision-making process.
• Time for Due Diligence: You can take extra time to schedule thorough inspections and review all disclosures without the pressure of a bidding war.

Practical Tips for Evaluating a Home with a High DOM

If you are considering a property that has been on the market for a while, a strategic approach is key.

1. Analyze the Price History. Check if the listing price has been reduced. Multiple small reductions can indicate a seller who is slow to adjust to market value.
2. Order a Comprehensive Home Inspection. Do not skip this step. A professional inspection can rule out major structural, mechanical, or pest issues.
3. Compare Recently Sold Comps. Your real estate agent can provide data on similar homes that sold quickly. This will help you determine if the asking price is justified.
4. Ask Your Agent to Inquire. A skilled agent can often tactfully ask the listing agent why the home hasn't sold, potentially uncovering useful information.

A high DOM is an important data point, but it is not the entire story. With careful research and strategic negotiation, buyers can leverage a long market time to secure a favorable deal.