Be prepared to pay 90 cents or more on the dollar for that home that needs rehab. The formula is like this: Rehabbed Sales Price = original fixer Purchase Price plus acquisiton costs, plus carrying costs during repair, plus repair costs plus miscellaneous costs, plus carrying costs during the marketing period plus selling costs + Your profit. The smallest number in that math formula will be your profit. You will be competing with professionals who do so many of these rehabs that if they make a $5,000 profit on each one, they are happy enough. Since a pro might be doing 30 or 40 rehabs a year they are keeping their crews busy, between customer ordered remodels and earning 100 to 200 K a year for a side business. The pros bid up the prices on fixers because they are contractors and need to stay busy. They dont overpay often, but they do keep those fixers between 90 and 95% of value! Many Escrow and Title companies have these statistics available, which have been gleaned from MLS and other sources. So will most RE agents have statistics for their zip codes or ML areas. Just ask directly. However I think it is a statistic only useful in pointing out to stubborn sellers why they should price correctly rather than at some astronomic value they think it should have shot up to. Average Days on Market is a indicator only for a small portion of the homes that have been offered for sale. . Why? because Average DOM of sold homes is an average number of days that the final Realtor had the listing on the MLS. The # of DOM does not include previous listing numbers by earlier agents and brokers whose listing expired, was withdrawn or even relisted with a new # in order to make the listing appear fresh. So sometimes you will see an area with 2000 listings, 100 sales a month - which is a 20 month inventory reported as having 75 or 80 days on market. Truth is the correctly priced homes sell quickly when priced cheaply enough. Very few of the overpriced homes sell until they have been re listed a few times. Never list with the "highest bidder" unless you want to enjoy being inventory for endless months.