New Milford, CT 06776

Flip Market Report

Successfully flipping a house depends on a number of different factors including population growth, increasing housing prices and cheap houses for sale. We are analyzing thousands of data points for New Milford, CT. If these factors exist, there is a good chance that a successful flip is possible.

By looking at recent sales data in Litchfield County, we've been able to rank it against its peer counties within Connecticut. To provide an even fuller picture, we also ranked Connecticut against all other US states.

Region Rank in # of Flips Rank in Flip Profit
Connecticut #34th in US
#13th in US
Litchfield County #5th in CT
#8th in CT

Number of Flips: We identify house flips as houses that are bought and sold within 12 months excluding forclosures, REOs and multi-parcel sales.

Flip Profit: The profit is the gross margin calculated by subtracting the original purchase price from the new resale price.

06776 Historical Monthly Listing Prices

Latest Median Sale Price

$ 319,900

-0.01% YoY Change
Litchfield Historical Monthly Home Sales

Latest Monthly Sales Count

187

Population Rank

In order to successfully flip houses, you need the population of the area to be trending northward, which does not appear to be the case with Litchfield County. This does not mean a flip wouldn't be successful, but it may be slightly harder to find a buyer.

Region Population Change YoY Rank
Connecticut 3,572,665 -0.03% #29th in US
Litchfield County 181,111 -0.33% #5th in CT
06776 26,889 #41st in CT
Home Searches

FlipMarket is the industry standard for providing you the exact data needed to see if flipping a house will be successful. To find properties for sale that may fit your budget and be house flipping candidates, check this list of popular searches.

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