House Flipping Report
Neighborhood Data
Chevy Chase, MD 20815
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 Chevy Chase, MD . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Montgomery County , we've been able to rank it against its peer counties within Maryland. To provide an even fuller picture, we also ranked Maryland against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Maryland
#13th in US
#4th in US
Montgomery County
#5th in MD
#10th in MD
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
$ 1,189,000
-0.02% YoY Change
Latest Monthly Sales Count
List Price /sqft
$412
-0.07% from last quarter
Reduced Listings /Month
12
-0.4% from last quarter
Average Home Sqft
$3,073
0.69% 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 Montgomery County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Maryland
6,042,718
0.3%
#19th in US
Montgomery County
1,052,567
0.41%
#1st in MD
20815
29,082
#79th in MD
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] => 17467
[country] => USA
[zip] => 20815
[city] => Chevy Chase
[state] => Maryland
[state_abbr] => MD
[county] => Montgomery
[dma] => 511
[latitude] => 38.9846
[longitude] => -77.0798
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 20815
[zip_name] => chevy chase, md
[flag] =>
[median_listing_price] => 1332550
[median_listing_price_mm] => 0.0451
[median_listing_price_yy] => 0.4041
[active_listing_count] => 74
[active_listing_count_mm] => -0.3273
[active_listing_count_yy] => -0.2043
[median_days_on_market] => 78.5
[median_days_on_market_mm] => 0.57
[median_days_on_market_yy] => -0.0063
[new_listing_count] => 12
[new_listing_count_mm] => -0.5
[new_listing_count_yy] => -0.25
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 12
[price_reduced_count_mm] => -0.4
[price_reduced_count_yy] => 0
[pending_listing_count] => 10
[pending_listing_count_mm] => -0.4737
[pending_listing_count_yy] => -0.2857
[median_listing_price_per_square_feet] => 412
[median_listing_price_per_square_feet_mm] => -0.0658
[median_listing_price_per_square_feet_yy] => 0.0235
[median_square_feet] => 3073
[median_square_feet_mm] => 0.067
[median_square_feet_yy] => 0.6875
[average_listing_price] => 1526092
[average_listing_price_mm] => -0.0194
[average_listing_price_yy] => 0.2512
[total_listing_count] => 84
[total_listing_count_mm] => -0.3488
[total_listing_count_yy] => 0.1351
[pending_ratio_mm] => -0.0376
[pending_ratio_yy] => -0.0154
[RegionID] => 66646
[RegionName] => 20815
[State] => MD
[Metro] => Washington-Arlington-Alexandria
[County] => Montgomery County
[City] => Chevy Chase
[SizeRank] => 240
[Zhvi] => 876600
[MoM] => 0.00481431
[QoQ] => 0.000799178
[YoY] => -0.0239394
[5Year] => 0.0175672
[10Year] => 0.0227082
[PeakMonth] => 2019-03
[PeakQuarter] => 2019-Q1
[PeakZHVI] => 906300
[PctFallFromPeak] => -0.0327706
[LastTimeAtCurrZHVI] => 2018-02
[flips] => 7799
[purchase_price] => 152203
[resale_price] => 284780
[gross_margin] => 132577
[flipcount_rank] => 13
[flipmargin_rank] => 4
[counties] => 24
[zip_population] => 29082
[zip_rank] => 79
[state_population] => 6042718
[state_rank] => 19
[state_difference] => 0.295889
[list_prices] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,1107000,929000,975000,1049000,982950,995000,899900,909950,935000,922500,1057000,1043250,1050000,1075000,1025000,949993.5,962500,1042250,875000,949000,999000,1122500,1035000,1185000,1176750,1047000,1067500,1022500,1113500,975000,1049500,1097500,1094350,1180000,1285000,1312000,1297000,1344500,1350000,1295000,1192500,1185000,1195000,1142000,1099950,1100000,1075000,1059500,1100000,1164500,1200000,1200000,1249000,1237000,1249500,1179000,1184900,1189000"
[list_prices_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] => 1107000
[63] => 929000
[64] => 975000
[65] => 1049000
[66] => 982950
[67] => 995000
[68] => 899900
[69] => 909950
[70] => 935000
[71] => 922500
[72] => 1057000
[73] => 1043250
[74] => 1050000
[75] => 1075000
[76] => 1025000
[77] => 949993.5
[78] => 962500
[79] => 1042250
[80] => 875000
[81] => 949000
[82] => 999000
[83] => 1122500
[84] => 1035000
[85] => 1185000
[86] => 1176750
[87] => 1047000
[88] => 1067500
[89] => 1022500
[90] => 1113500
[91] => 975000
[92] => 1049500
[93] => 1097500
[94] => 1094350
[95] => 1180000
[96] => 1285000
[97] => 1312000
[98] => 1297000
[99] => 1344500
[100] => 1350000
[101] => 1295000
[102] => 1192500
[103] => 1185000
[104] => 1195000
[105] => 1142000
[106] => 1099950
[107] => 1100000
[108] => 1075000
[109] => 1059500
[110] => 1100000
[111] => 1164500
[112] => 1200000
[113] => 1200000
[114] => 1249000
[115] => 1237000
[116] => 1249500
[117] => 1179000
[118] => 1184900
[119] => 1189000
)
)
Array
(
[county_name] => Montgomery
[state] => Maryland
[state_fips] => 24
[county_fips] => 24031
[dma] => 511
[metro_name] => Washington, DC
[cbsa_name] => Washington-Arlington-Alexandria, DC-VA-MD-WV
[county_region_id_zillow] => 2975
[metro_region_id_zillow] => 395209
[fips] => 24031
[cbsa_code] => 47900
[population_prior] => 1048244
[population] => 1052567
[rank] => 1
[difference] => 0.412403982
[region_id] => 2975
[sale_counts] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,1197,1204,1310,1239,1158,1153,1219,1278,1245,1390,1468,1469,1283,1219,1143,1098,1261,1305,1430,1212,1262,1207,1253,1228,1219,1203,1195,1240,1315,1292,1252,1134,1123,1056,1164,1184,1243,1186,1181,1153,1124,1174,1503,"
[county] => Montgomery
[flips] => 504
[purchase_price] => 271633
[resale_price] => 399170
[gross_margin] => 127537
[flipcount_rank] => 5
[flipmargin_rank] => 10
[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] =>
[97] =>
[98] => 1197
[99] => 1204
[100] => 1310
[101] => 1239
[102] => 1158
[103] => 1153
[104] => 1219
[105] => 1278
[106] => 1245
[107] => 1390
[108] => 1468
[109] => 1469
[110] => 1283
[111] => 1219
[112] => 1143
[113] => 1098
[114] => 1261
[115] => 1305
[116] => 1430
[117] => 1212
[118] => 1262
[119] => 1207
[120] => 1253
[121] => 1228
[122] => 1219
[123] => 1203
[124] => 1195
[125] => 1240
[126] => 1315
[127] => 1292
[128] => 1252
[129] => 1134
[130] => 1123
[131] => 1056
[132] => 1164
[133] => 1184
[134] => 1243
[135] => 1186
[136] => 1181
[137] => 1153
[138] => 1124
[139] => 1174
[140] => 1503
[141] =>
)
)