House Flipping Report
Neighborhood Data
Hockessin, DE 19707
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 Hockessin, DE . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in New Castle County , we've been able to rank it against its peer counties within Delaware. To provide an even fuller picture, we also ranked Delaware against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Delaware
#35th in US
#3rd in US
New Castle County
#1st in DE
#3rd in DE
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
$ 460,000-0.02% YoY Change
Latest Monthly Sales Count
729
List Price /sqft
$146
-0% from last quarter
Reduced Listings /Month
8
-0.33% from last quarter
Average Home Sqft
$3,450
0.23% 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 New Castle County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Delaware 967,171
1.05% #45th in US
New Castle County
559,335
0.52% #1st in DE
19707
16,483
#21st in DE
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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