House Flipping Report
Neighborhood Data
Basking Ridge, NJ 07920
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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 Basking Ridge, NJ . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Somerset 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
Somerset County
#18th in NJ
#14th 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
$ 681,000
-0.04% YoY Change
Latest Monthly Sales Count
In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Somerset 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
Somerset County
331,164
0.14%
#13th in NJ
07920
26,747
#5th 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.
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