diff --git a/src/registrar/management/commands/update_first_ready_values.py b/src/registrar/management/commands/update_first_ready_values.py
new file mode 100644
index 000000000..9ee02109d
--- /dev/null
+++ b/src/registrar/management/commands/update_first_ready_values.py
@@ -0,0 +1,28 @@
+import logging
+from django.core.management import BaseCommand
+from registrar.management.commands.utility.terminal_helper import PopulateScriptTemplate, TerminalColors
+from registrar.models import Domain, TransitionDomain
+
+logger = logging.getLogger(__name__)
+
+class Command(BaseCommand, PopulateScriptTemplate):
+    help = "Loops through eachdomain object and populates the last_status_update and first_submitted_date"
+
+    def handle(self, **kwargs):
+        """Loops through each valid Domain object and updates it's first_ready value if they are out of sync"""
+        filter_conditions="state__in=[Domain.State.READY, Domain.State.ON_HOLD, Domain.State.DELETED]"
+        self.mass_update_records(Domain, filter_conditions, ["first_ready"])
+
+    def update_record(self, record: Domain):
+        """Defines how we update the first_read field"""
+        # if these are out of sync, update the 
+        if self.is_transition_domain(record) and record.first_ready != record.created_at:
+            record.first_ready = record.created_at
+
+        logger.info(
+            f"{TerminalColors.OKCYAN}Updating {record} => first_ready: " f"{record.first_ready}{TerminalColors.OKCYAN}"
+        )
+    
+    # check if a transition domain object for this domain name exists
+    def is_transition_domain(record: Domain):
+        return TransitionDomain.objects.filter(domain_name=record.name).exists()
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