House Flipping Report
Neighborhood Data
Scotch Plains, NJ 07076
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 Scotch Plains, NJ . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Union County , we've been able to rank it against its peer counties within New Jersey. To provide an even fuller picture, we also ranked New Jersey against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
New Jersey
#9th in US
#9th in US
Union County
#5th in NJ
#3rd in NJ
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.
Latest Median Sale Price
$ 568,521-0.03% YoY Change
Latest Monthly Sales Count
645
In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Union County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
New Jersey 8,908,520
0.22% #11th in US
Union County
558,067
0.5% #7th in NJ
07076
23,480
#33rd in NJ
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.
Array
(
[zip_id] => 25968
[country] => USA
[zip] => 07076
[city] => Scotch Plains
[state] => New Jersey
[state_abbr] => NJ
[county] => Union
[dma] => 501
[latitude] => 40.6397
[longitude] => -74.3666
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] =>
[zip_name] =>
[flag] =>
[median_listing_price] =>
[median_listing_price_mm] =>
[median_listing_price_yy] =>
[active_listing_count] =>
[active_listing_count_mm] =>
[active_listing_count_yy] =>
[median_days_on_market] =>
[median_days_on_market_mm] =>
[median_days_on_market_yy] =>
[new_listing_count] =>
[new_listing_count_mm] =>
[new_listing_count_yy] =>
[price_increased_count] =>
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] =>
[price_reduced_count_mm] =>
[price_reduced_count_yy] =>
[pending_listing_count] =>
[pending_listing_count_mm] =>
[pending_listing_count_yy] =>
[median_listing_price_per_square_feet] =>
[median_listing_price_per_square_feet_mm] =>
[median_listing_price_per_square_feet_yy] =>
[median_square_feet] =>
[median_square_feet_mm] =>
[median_square_feet_yy] =>
[average_listing_price] =>
[average_listing_price_mm] =>
[average_listing_price_yy] =>
[total_listing_count] =>
[total_listing_count_mm] =>
[total_listing_count_yy] =>
[pending_ratio_mm] =>
[pending_ratio_yy] =>
[RegionID] => 60585
[RegionName] => 07076
[State] => NJ
[Metro] => New York-Newark-Jersey City
[County] => Union County
[City] => Scotch Plains
[SizeRank] => 510
[Zhvi] => 485300
[MoM] => -0.00410425
[QoQ] => -0.0170144
[YoY] => -0.0274549
[5Year] => 0.0233044
[10Year] => 0.0154543
[PeakMonth] => 2019-03
[PeakQuarter] => 2019-Q1
[PeakZHVI] => 509500
[PctFallFromPeak] => -0.0474975
[LastTimeAtCurrZHVI] => 2018-02
[flips] => 9743
[purchase_price] => 155768
[resale_price] => 272843
[gross_margin] => 117075
[flipcount_rank] => 9
[flipmargin_rank] => 9
[counties] => 21
[zip_population] => 23480
[zip_rank] => 133
[state_population] => 8908520
[state_rank] => 11
[state_difference] => 0.224749
[list_prices] => "525000,509900,499000,499000,499900,507450,499000,497000,497000,499000,495000,479900,472450,469000,474500,459450,474900,479450,472200,484900,479900,484900,469000,469000,459000,498250,459000,469000,449000,448500,485000,495000,499900,5.00E+05,522450,535000,530000,494000,493500,519000,499450,549000,549000,524999,499000,477000,449000,448000,437000,449000,484900,498650,499500,499000,499999,504949.5,499900,499949.5,517450,517450,554950,550000,499999,549900,512499.5,549950,542400,554500,559000,509000,499000,539900,587500,656500,599900,599450,599999.5,554500,549000,549900,544000,569900,595900,624499.5,659000,659900,637000,599000,574900,612450,588500,532000,549900,559900,599450,6.00E+05,567450,649000,649000,599950,6.00E+05,589450,599999,607500,569450,568500,549900,549900,532000,577000,599450,559000,559900,565000,564450,554950,570000,575000,568000,568521"
[list_prices_exploded] => Array
(
[0] => 525000
[1] => 509900
[2] => 499000
[3] => 499000
[4] => 499900
[5] => 507450
[6] => 499000
[7] => 497000
[8] => 497000
[9] => 499000
[10] => 495000
[11] => 479900
[12] => 472450
[13] => 469000
[14] => 474500
[15] => 459450
[16] => 474900
[17] => 479450
[18] => 472200
[19] => 484900
[20] => 479900
[21] => 484900
[22] => 469000
[23] => 469000
[24] => 459000
[25] => 498250
[26] => 459000
[27] => 469000
[28] => 449000
[29] => 448500
[30] => 485000
[31] => 495000
[32] => 499900
[33] => 5.00E+05
[34] => 522450
[35] => 535000
[36] => 530000
[37] => 494000
[38] => 493500
[39] => 519000
[40] => 499450
[41] => 549000
[42] => 549000
[43] => 524999
[44] => 499000
[45] => 477000
[46] => 449000
[47] => 448000
[48] => 437000
[49] => 449000
[50] => 484900
[51] => 498650
[52] => 499500
[53] => 499000
[54] => 499999
[55] => 504949.5
[56] => 499900
[57] => 499949.5
[58] => 517450
[59] => 517450
[60] => 554950
[61] => 550000
[62] => 499999
[63] => 549900
[64] => 512499.5
[65] => 549950
[66] => 542400
[67] => 554500
[68] => 559000
[69] => 509000
[70] => 499000
[71] => 539900
[72] => 587500
[73] => 656500
[74] => 599900
[75] => 599450
[76] => 599999.5
[77] => 554500
[78] => 549000
[79] => 549900
[80] => 544000
[81] => 569900
[82] => 595900
[83] => 624499.5
[84] => 659000
[85] => 659900
[86] => 637000
[87] => 599000
[88] => 574900
[89] => 612450
[90] => 588500
[91] => 532000
[92] => 549900
[93] => 559900
[94] => 599450
[95] => 6.00E+05
[96] => 567450
[97] => 649000
[98] => 649000
[99] => 599950
[100] => 6.00E+05
[101] => 589450
[102] => 599999
[103] => 607500
[104] => 569450
[105] => 568500
[106] => 549900
[107] => 549900
[108] => 532000
[109] => 577000
[110] => 599450
[111] => 559000
[112] => 559900
[113] => 565000
[114] => 564450
[115] => 554950
[116] => 570000
[117] => 575000
[118] => 568000
[119] => 568521
)
)
Array
(
[county_name] => Union
[state] => New Jersey
[state_fips] => 34
[county_fips] => 34039
[dma] => 501
[metro_name] => New York, NY
[cbsa_name] => New York-Newark-Jersey City, NY-NJ-PA
[county_region_id_zillow] => 771
[metro_region_id_zillow] => 394913
[fips] => 34039
[cbsa_code] => 35620
[population_prior] => 555273
[population] => 558067
[rank] => 7
[difference] => 0.503175915
[region_id] => 771
[sale_counts] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,674,646,581,568,577,588,629,658,663,703,709,739,719,730,706,676,650,621,629,614,632,668,671,702,661,659,615,586,557,559,598,634,645"
[county] => Union
[flips] => 757
[purchase_price] => 187645
[resale_price] => 330198
[gross_margin] => 142553
[flipcount_rank] => 5
[flipmargin_rank] => 3
[sale_counts_exploded] => Array
(
[0] =>
[1] =>
[2] =>
[3] =>
[4] =>
[5] =>
[6] =>
[7] =>
[8] =>
[9] =>
[10] =>
[11] =>
[12] =>
[13] =>
[14] =>
[15] =>
[16] =>
[17] =>
[18] =>
[19] =>
[20] =>
[21] =>
[22] =>
[23] =>
[24] =>
[25] =>
[26] =>
[27] =>
[28] =>
[29] =>
[30] =>
[31] =>
[32] =>
[33] =>
[34] =>
[35] =>
[36] =>
[37] =>
[38] =>
[39] =>
[40] =>
[41] =>
[42] =>
[43] =>
[44] =>
[45] =>
[46] =>
[47] =>
[48] =>
[49] =>
[50] =>
[51] =>
[52] =>
[53] =>
[54] =>
[55] =>
[56] =>
[57] =>
[58] =>
[59] =>
[60] =>
[61] =>
[62] =>
[63] =>
[64] =>
[65] =>
[66] =>
[67] =>
[68] =>
[69] =>
[70] =>
[71] =>
[72] =>
[73] =>
[74] =>
[75] =>
[76] =>
[77] =>
[78] =>
[79] =>
[80] =>
[81] =>
[82] =>
[83] =>
[84] =>
[85] =>
[86] =>
[87] =>
[88] =>
[89] =>
[90] =>
[91] =>
[92] =>
[93] =>
[94] =>
[95] =>
[96] =>
[97] =>
[98] =>
[99] =>
[100] =>
[101] =>
[102] =>
[103] =>
[104] =>
[105] =>
[106] =>
[107] =>
[108] =>
[109] => 674
[110] => 646
[111] => 581
[112] => 568
[113] => 577
[114] => 588
[115] => 629
[116] => 658
[117] => 663
[118] => 703
[119] => 709
[120] => 739
[121] => 719
[122] => 730
[123] => 706
[124] => 676
[125] => 650
[126] => 621
[127] => 629
[128] => 614
[129] => 632
[130] => 668
[131] => 671
[132] => 702
[133] => 661
[134] => 659
[135] => 615
[136] => 586
[137] => 557
[138] => 559
[139] => 598
[140] => 634
[141] => 645
)
)
Zillow Homes for Sale
Realtor.com Homes for Sale
RedFin Homes for Sale
RealtyTrac Foreclosure Homes
Trulia Homes for Sale