House Flipping Report
Neighborhood Data
Wilmington, DE 19808
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 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.
Latest Median Sale Price
$ 255,000
-0.02% YoY Change
Latest Monthly Sales Count
729
List Price /sqft
$134
-0.09% from last quarter
Reduced Listings /Month
16
-0.33% from last quarter
Average Home Sqft
$2,059
0.1% 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
19808
38,442
#6th 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.
Array
(
[zip_id] => 6728
[country] => USA
[zip] => 19808
[city] => Wilmington
[state] => Delaware
[state_abbr] => DE
[county] => New Castle
[dma] => 504
[latitude] => 39.7346
[longitude] => -75.6652
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 19808
[zip_name] => wilmington, de
[flag] =>
[median_listing_price] => 276000
[median_listing_price_mm] => -0.0314
[median_listing_price_yy] => 0.0145
[active_listing_count] => 63
[active_listing_count_mm] => -0.0735
[active_listing_count_yy] => -0.3883
[median_days_on_market] => 60
[median_days_on_market_mm] => 0.25
[median_days_on_market_yy] => -0.0323
[new_listing_count] => 16
[new_listing_count_mm] => -0.4286
[new_listing_count_yy] => -0.2
[price_increased_count] => 0
[price_increased_count_mm] => -1
[price_increased_count_yy] => -1
[price_reduced_count] => 16
[price_reduced_count_mm] => -0.3333
[price_reduced_count_yy] => 0
[pending_listing_count] => 17
[pending_listing_count_mm] => 0.3077
[pending_listing_count_yy] => 0.7
[median_listing_price_per_square_feet] => 134
[median_listing_price_per_square_feet_mm] => -0.0925
[median_listing_price_per_square_feet_yy] => -0.0307
[median_square_feet] => 2059
[median_square_feet_mm] => 0.0949
[median_square_feet_yy] => 0.0979
[average_listing_price] => 299659
[average_listing_price_mm] => 0.0246
[average_listing_price_yy] => 0.0623
[total_listing_count] => 80
[total_listing_count_mm] => -0.0123
[total_listing_count_yy] => 0.2698
[pending_ratio_mm] => 0.0787
[pending_ratio_yy] => 0.1728
[RegionID] => 66061
[RegionName] => 19808
[State] => DE
[Metro] => Philadelphia-Camden-Wilmington
[County] => New Castle County
[City] => Wilmington
[SizeRank] => 153
[Zhvi] => 244100
[MoM] => -0.00651201
[QoQ] => -0.0192849
[YoY] => -0.0208584
[5Year] => 0.0272465
[10Year] => 0.00423463
[PeakMonth] => 2018-01
[PeakQuarter] => 2018-Q1
[PeakZHVI] => 264300
[PctFallFromPeak] => -0.0764283
[LastTimeAtCurrZHVI] => 2017-11
[flips] => 1453
[purchase_price] => 107493
[resale_price] => 282297
[gross_margin] => 174804
[flipcount_rank] => 35
[flipmargin_rank] => 3
[counties] => 3
[zip_population] => 38442
[zip_rank] => 6
[state_population] => 967171
[state_rank] => 45
[state_difference] => 1.054563
[list_prices] => "245000,239900,241500,248900,243200,240750,236800,239000,239900,239900,239000,234900,229900,229900,229900,229900,229000,229900,225000,219900,218000,214973,210000,204600,209900,209450,219900,219900,219900,224000,224900,225000,229450,214950,225000,229000,214500,219900,235000,234950,229900,229500,224900,225000,229900,229900,224900,225000,223850,220000,225000,225000,229900,225000,224900,225750,229900,224000,219900,219900,224800,229995,235000,234900,239900,235000,243900,248900,248500,248900,245000,239700,249900,242900,249900,244900,225000,226250,229900,229900,244900,245000,244950,234950,232450,234950,229900,239900,235500,245000,235000,234950,244900,249900,249900,234900,229900,239627,239900,249700,249000,249900,259900,255000,249900,250000,249900,244900,249900,255000,259900,250000,249900,249900,254950,250000,259900,255000,256450,255000"
[list_prices_exploded] => Array
(
[0] => 245000
[1] => 239900
[2] => 241500
[3] => 248900
[4] => 243200
[5] => 240750
[6] => 236800
[7] => 239000
[8] => 239900
[9] => 239900
[10] => 239000
[11] => 234900
[12] => 229900
[13] => 229900
[14] => 229900
[15] => 229900
[16] => 229000
[17] => 229900
[18] => 225000
[19] => 219900
[20] => 218000
[21] => 214973
[22] => 210000
[23] => 204600
[24] => 209900
[25] => 209450
[26] => 219900
[27] => 219900
[28] => 219900
[29] => 224000
[30] => 224900
[31] => 225000
[32] => 229450
[33] => 214950
[34] => 225000
[35] => 229000
[36] => 214500
[37] => 219900
[38] => 235000
[39] => 234950
[40] => 229900
[41] => 229500
[42] => 224900
[43] => 225000
[44] => 229900
[45] => 229900
[46] => 224900
[47] => 225000
[48] => 223850
[49] => 220000
[50] => 225000
[51] => 225000
[52] => 229900
[53] => 225000
[54] => 224900
[55] => 225750
[56] => 229900
[57] => 224000
[58] => 219900
[59] => 219900
[60] => 224800
[61] => 229995
[62] => 235000
[63] => 234900
[64] => 239900
[65] => 235000
[66] => 243900
[67] => 248900
[68] => 248500
[69] => 248900
[70] => 245000
[71] => 239700
[72] => 249900
[73] => 242900
[74] => 249900
[75] => 244900
[76] => 225000
[77] => 226250
[78] => 229900
[79] => 229900
[80] => 244900
[81] => 245000
[82] => 244950
[83] => 234950
[84] => 232450
[85] => 234950
[86] => 229900
[87] => 239900
[88] => 235500
[89] => 245000
[90] => 235000
[91] => 234950
[92] => 244900
[93] => 249900
[94] => 249900
[95] => 234900
[96] => 229900
[97] => 239627
[98] => 239900
[99] => 249700
[100] => 249000
[101] => 249900
[102] => 259900
[103] => 255000
[104] => 249900
[105] => 250000
[106] => 249900
[107] => 244900
[108] => 249900
[109] => 255000
[110] => 259900
[111] => 250000
[112] => 249900
[113] => 249900
[114] => 254950
[115] => 250000
[116] => 259900
[117] => 255000
[118] => 256450
[119] => 255000
)
)
Array
(
[county_name] => New Castle
[state] => Delaware
[state_fips] => 10
[county_fips] => 10003
[dma] => 504
[metro_name] => Philadelphia, PA
[cbsa_name] => Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
[county_region_id_zillow] => 2986
[metro_region_id_zillow] => 394974
[fips] => 10003
[cbsa_code] => 37980
[population_prior] => 556419
[population] => 559335
[rank] => 1
[difference] => 0.524065497
[region_id] => 2986
[sale_counts] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,730,727,667,694,657,658,639,674,687,691,708,738,756,752,740,740,748,752,752,754,794,771,774,756,776,816,792,788,763,768,750,735,730,759,749,776,752,803,787,792,737,714,744,737,775,729"
[county] => New Castle
[flips] => 692
[purchase_price] => 109335
[resale_price] => 204335
[gross_margin] => 95000
[flipcount_rank] => 1
[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] => 730
[97] => 727
[98] => 667
[99] => 694
[100] => 657
[101] => 658
[102] => 639
[103] => 674
[104] => 687
[105] => 691
[106] => 708
[107] => 738
[108] => 756
[109] => 752
[110] => 740
[111] => 740
[112] => 748
[113] => 752
[114] => 752
[115] => 754
[116] => 794
[117] => 771
[118] => 774
[119] => 756
[120] => 776
[121] => 816
[122] => 792
[123] => 788
[124] => 763
[125] => 768
[126] => 750
[127] => 735
[128] => 730
[129] => 759
[130] => 749
[131] => 776
[132] => 752
[133] => 803
[134] => 787
[135] => 792
[136] => 737
[137] => 714
[138] => 744
[139] => 737
[140] => 775
[141] => 729
)
)