Profile picture for PNWester

Average days on market by zip code.

Where do I go to look up the average number of days houses have been on the market in any particular zip code?  I don't want the MEDIAN, I want the AVERAGE.

Thanks in advance
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
April 02 2012 - US
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (4)

Profile picture for workabee
" One big thing that should be considered is the time frame."

Yeah sure thing. Then why post this on a year and half old question. Think McFly...think
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 16 2013
We do, however, need to take into consideration where the OP is from. While Torrance CA's seasonal market might be Spring/Summer, that is absolutely not the case in all areas of the US. In fact, here in the Northeast our seasonal market is Spring & Fall. Due to the fact that we don't live in a mild year round climate like California the majority of the Northeast vacations in the Summer months & home sales are put on hold until the Fall. Also, with respect to the zip code, where is the OP from? I agree that there are certain zip codes that have a diversity of high income/low income as well as demand among buyers. There are also zip codes that are neither low income or high income but rather somewhere in between and pretty even as far as demand goes. One big thing that should be considered is the time frame. For example, DOM (days on the market) will be extremely different in the last quarter of 2012 than the first quarter of 2013. With that said, the answer to the OP is this: Call a local real estate agent and ask them to send you comps within 1/2 mile of your home that have sold in the last 6 months. On that MLS listing you will find the Days on the Market. Add up the DOM and divide by the number of homes and there you have the most accurate, up-to-date answer to your question.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 16 2013
Profile picture for wetdawgs
There are three statistical types of average: mean, median and mode.   Therefore, perhaps you are requesting the mean days on the market?    

Which region are you interested in?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
April 02 2012
As a realtor, we are educated in determining property values much like appraisers.  One of the first lessons in the textbook teaches us that a zip code can hold many different neighborhoods - from low income to high end and everything in between. Different neighborhood have different "demand" among buyers.  The "supply" of homes that satisfies the potential buyers in a neighborhood is critical to its price and the number of days it takes to sell the home on the open market.  To review home values or market activity by average across an entire zipcode doesn't do enough to represent the homes in all the different neighborhoods.

This is why Zillow's Zestimate is often critisized. 

It would be more accurate to contact a real estate agent in the local area.  S/he can give you more specific information regarding the price range and neighborhoods you are most interested in.  Realtors provide this information for free. 

Also remember, real estate is also a seasonal market.  Most homes sell in the Spring and Summer months, and slow during the fall and winter.  This is pattern is annual

Elizabeth Socha
Century 21 Amber Realty
Torrance, CA
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
April 02 2012
 
Related Questions
Is there going to be an open house for 4613 Venus rd ?
Profile picture for Bob Collett
Latest answer by Bob Collett
56 minutes ago | 2 answers
what consitutes a bedroom in santa cruz california?
Profile picture for Curt Abramson
Latest answer by Curt Abramson
1 hour 1 minute ago | 1 answers
Homes for sale in certain school districts
Profile picture for Pasadenan
Latest answer by Pasadenan
1 hour 26 minutes ago | 3 answers
Korean BBQ Open House- July 27th 11am-5pm - Buena Park
  • Asked by Cristiano Serrato
  • In Home Buying
  • 1 hour 43 minutes ago
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.