Detroit, MI 48201

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 Detroit, MI. If these factors exist, there is a good chance that a successful flip is possible.

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

Region Rank in # of Flips Rank in Flip Profit
Michigan #12th in US
#37th in US
Wayne County #1st in MI
#38th in MI

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.

48201 Historical Monthly Listing Prices

Latest Median Sale Price

$ 399,900

even YoY Change
Wayne Historical Monthly Home Sales

Latest Monthly Sales Count

List Price /sqft

$339

0.01% from last quarter

Reduced Listings /Month

4

-0.75% from last quarter

Avg. Days on Market

80

0.45% from last year

Average Home Sqft

$1,390

-0.04% from last year

Population Rank

In order to successfully flip houses, you need the population of the area to be trending northward, which does not appear to be the case with Wayne County. This does not mean a flip wouldn't be successful, but it may be slightly harder to find a buyer.

Region Population Change YoY Rank
Michigan 9,995,915 0.2% #10th in US
Wayne County 1,753,893 -0.14% #1st in MI
48201 12,814 #78th in MI
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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