Wilmington, DE 19808

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 Wilmington, 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.

19808 Historical Monthly Listing Prices

Latest Median Sale Price

$ 255,000

-0.02% YoY Change
New Castle Historical Monthly Home Sales

Latest Monthly Sales Count

729

List Price /sqft

$134

-0.09% from last quarter

Reduced Listings /Month

16

-0.33% from last quarter

Avg. Days on Market

60

-0.03% from last year

Average Home Sqft

$2,059

0.1% from last year

Population Rank

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
19808 38,442 #6th in DE
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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