Hot Springs, VA 24445

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 Hot Springs, VA. If these factors exist, there is a good chance that a successful flip is possible.

By looking at recent sales data in Bath County, we've been able to rank it against its peer counties within Virginia. To provide an even fuller picture, we also ranked Virginia against all other US states.

Region Rank in # of Flips Rank in Flip Profit
Virginia #16th in US
#12th in US
Bath County #94th in VA
#92nd in VA

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.

24445 Historical Monthly Listing Prices

No Data Available

Bath Historical Monthly Home Sales

Latest Monthly Sales Count

4

List Price /sqft

$157

-0.06% from last quarter

Avg. Days on Market

253

-0.15% from last year

Average Home Sqft

$2,774

0.11% 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 Bath County. This is a good sign that flipping a house here will be successful.

Region Population Change YoY Rank
Virginia 8,517,685 0.62% #12th in US
Bath County 4,292 0.16% #31st in VA
24445 2,673 #51st in VA
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.

Array
(
    [zip_id] => 39179
    [country] => USA
    [zip] => 24445
    [city] => Hot Springs
    [state] => Virginia
    [state_abbr] => VA
    [county] => Bath
    [dma] => 573
    [latitude] => 37.9525
    [longitude] => -79.9158
    [timezone] => -5
    [timezone_dst] => 1
    [dttm] => 
    [postal_code] => 24445
    [zip_name] => hot springs, va
    [flag] => 
    [median_listing_price] => 395050
    [median_listing_price_mm] => 0
    [median_listing_price_yy] => -0.1413
    [active_listing_count] => 26
    [active_listing_count_mm] => -0.0714
    [active_listing_count_yy] => -0.1034
    [median_days_on_market] => 252.5
    [median_days_on_market_mm] => 0.1583
    [median_days_on_market_yy] => -0.1498
    [new_listing_count] => 0
    [new_listing_count_mm] => 
    [new_listing_count_yy] => 
    [price_increased_count] => 0
    [price_increased_count_mm] => 
    [price_increased_count_yy] => 
    [price_reduced_count] => 0
    [price_reduced_count_mm] => 
    [price_reduced_count_yy] => 
    [pending_listing_count] => 1
    [pending_listing_count_mm] => -0.6667
    [pending_listing_count_yy] => 
    [median_listing_price_per_square_feet] => 157
    [median_listing_price_per_square_feet_mm] => -0.0555
    [median_listing_price_per_square_feet_yy] => -0.1895
    [median_square_feet] => 2774
    [median_square_feet_mm] => 0.0282
    [median_square_feet_yy] => 0.1069
    [average_listing_price] => 597970
    [average_listing_price_mm] => 0.0129
    [average_listing_price_yy] => -0.0335
    [total_listing_count] => 27
    [total_listing_count_mm] => -0.129
    [total_listing_count_yy] => 0.0385
    [pending_ratio_mm] => -0.0687
    [pending_ratio_yy] => 0.0385
    [RegionID] => 
    [RegionName] => 
    [State] => 
    [Metro] => 
    [County] => 
    [City] => 
    [SizeRank] => 
    [Zhvi] => 
    [MoM] => 
    [QoQ] => 
    [YoY] => 
    [5Year] => 
    [10Year] => 
    [PeakMonth] => 
    [PeakQuarter] => 
    [PeakZHVI] => 
    [PctFallFromPeak] => 
    [LastTimeAtCurrZHVI] => 
    [flips] => 6835
    [purchase_price] => 167706
    [resale_price] => 274176
    [gross_margin] => 106470
    [flipcount_rank] => 16
    [flipmargin_rank] => 12
    [counties] => 135
    [zip_population] => 2673
    [zip_rank] => 451
    [state_population] => 8517685
    [state_rank] => 12
    [state_difference] => 0.619925
    [list_prices] => 
    [list_prices_exploded] => Array
        (
            [0] => 
        )

)
Array
(
    [county_name] => Bath
    [state] => Virginia
    [state_fips] => 51
    [county_fips] => 51017
    [dma] => 573
    [metro_name] => 
    [cbsa_name] => 
    [county_region_id_zillow] => 96
    [metro_region_id_zillow] => 
    [fips] => 51017
    [cbsa_code] => 
    [population_prior] => 4285
    [population] => 4292
    [rank] => 131
    [difference] => 0.16336056
    [region_id] => 96
    [sale_counts] => "1,2,4,5,4,3,2,4,4,6,4,3,2,1,2,2,4,3,3,3,4,3,3,1,2,2,2,2,2,2,3,3,3,2,3,3,2,3,4,5,4,4,3,3,3,4,3,3,2,1,2,2,4,5,4,5,5,6,5,4,2,3,4,6,6,6,5,5,4,3,3,3,4,3,3,3,3,5,5,6,5,4,3,3,2,3,3,5,5,6,5,4,3,4,5,3,1,2,4,5,5,4,4,6,7,7,5,4,6,5,6,4,5,6,6,8,8,9,7,8,7,7,7,7,8,8,8,9,6,5,2,2,4,5,6,5,5,6,5,7,5,4"
    [county] => Bath
    [flips] => 2
    [purchase_price] => 21750
    [resale_price] => 22250
    [gross_margin] => 500
    [flipcount_rank] => 94
    [flipmargin_rank] => 92
    [sale_counts_exploded] => Array
        (
            [0] => 1
            [1] => 2
            [2] => 4
            [3] => 5
            [4] => 4
            [5] => 3
            [6] => 2
            [7] => 4
            [8] => 4
            [9] => 6
            [10] => 4
            [11] => 3
            [12] => 2
            [13] => 1
            [14] => 2
            [15] => 2
            [16] => 4
            [17] => 3
            [18] => 3
            [19] => 3
            [20] => 4
            [21] => 3
            [22] => 3
            [23] => 1
            [24] => 2
            [25] => 2
            [26] => 2
            [27] => 2
            [28] => 2
            [29] => 2
            [30] => 3
            [31] => 3
            [32] => 3
            [33] => 2
            [34] => 3
            [35] => 3
            [36] => 2
            [37] => 3
            [38] => 4
            [39] => 5
            [40] => 4
            [41] => 4
            [42] => 3
            [43] => 3
            [44] => 3
            [45] => 4
            [46] => 3
            [47] => 3
            [48] => 2
            [49] => 1
            [50] => 2
            [51] => 2
            [52] => 4
            [53] => 5
            [54] => 4
            [55] => 5
            [56] => 5
            [57] => 6
            [58] => 5
            [59] => 4
            [60] => 2
            [61] => 3
            [62] => 4
            [63] => 6
            [64] => 6
            [65] => 6
            [66] => 5
            [67] => 5
            [68] => 4
            [69] => 3
            [70] => 3
            [71] => 3
            [72] => 4
            [73] => 3
            [74] => 3
            [75] => 3
            [76] => 3
            [77] => 5
            [78] => 5
            [79] => 6
            [80] => 5
            [81] => 4
            [82] => 3
            [83] => 3
            [84] => 2
            [85] => 3
            [86] => 3
            [87] => 5
            [88] => 5
            [89] => 6
            [90] => 5
            [91] => 4
            [92] => 3
            [93] => 4
            [94] => 5
            [95] => 3
            [96] => 1
            [97] => 2
            [98] => 4
            [99] => 5
            [100] => 5
            [101] => 4
            [102] => 4
            [103] => 6
            [104] => 7
            [105] => 7
            [106] => 5
            [107] => 4
            [108] => 6
            [109] => 5
            [110] => 6
            [111] => 4
            [112] => 5
            [113] => 6
            [114] => 6
            [115] => 8
            [116] => 8
            [117] => 9
            [118] => 7
            [119] => 8
            [120] => 7
            [121] => 7
            [122] => 7
            [123] => 7
            [124] => 8
            [125] => 8
            [126] => 8
            [127] => 9
            [128] => 6
            [129] => 5
            [130] => 2
            [131] => 2
            [132] => 4
            [133] => 5
            [134] => 6
            [135] => 5
            [136] => 5
            [137] => 6
            [138] => 5
            [139] => 7
            [140] => 5
            [141] => 4
        )

)

Flip Market uses data engineering + AI to help businesses and individuals successfully flip homes.

© 2024 Flip Market  •  Our Methodology  •  Contact  •  Privacy Policy