House Flipping Report
Neighborhood Data
Philadelphia, PA 19123
Print
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 Philadelphia, PA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Philadelphia County , we've been able to rank it against its peer counties within Pennsylvania. To provide an even fuller picture, we also ranked Pennsylvania against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Pennsylvania
#10th in US
#16th in US
Philadelphia County
#1st in PA
#8th in PA
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
$ 472,500
0.01% YoY Change
Latest Monthly Sales Count
2,154
List Price /sqft
$291
0.02% from last quarter
Reduced Listings /Month
16
-0.43% from last quarter
Average Home Sqft
$1,446
-0.07% from last year
In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Philadelphia County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Pennsylvania
12,807,060
0.13%
#5th in US
Philadelphia County
1,584,138
0.25%
#1st in PA
19123
13,416
#20th in PA
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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