House Flipping Report
Neighborhood Data
West Bloomfield, MI 48323
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 West Bloomfield, MI . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Oakland 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
Oakland County
#2nd in MI
#16th 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.
Latest Median Sale Price
$ 407,890
0.03% YoY Change
Latest Monthly Sales Count
2,111
List Price /sqft
$149
-0.03% from last quarter
Reduced Listings /Month
12
-0.4% from last quarter
Average Home Sqft
$2,948
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 Oakland County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Michigan
9,995,915
0.2%
#10th in US
Oakland County
1,259,201
0.24%
#2nd in MI
48323
17,708
#14th in MI
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] => 19130
[country] => USA
[zip] => 48323
[city] => West Bloomfield
[state] => Michigan
[state_abbr] => MI
[county] => Oakland
[dma] => 505
[latitude] => 42.5741
[longitude] => -83.3846
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 48323
[zip_name] => west bloomfield, mi
[flag] =>
[median_listing_price] => 429550
[median_listing_price_mm] => -0.0661
[median_listing_price_yy] => -0.0411
[active_listing_count] => 100
[active_listing_count_mm] => -0.0654
[active_listing_count_yy] => 0.1236
[median_days_on_market] => 73
[median_days_on_market_mm] => 0.2373
[median_days_on_market_yy] => -0.0641
[new_listing_count] => 24
[new_listing_count_mm] => 0
[new_listing_count_yy] => 0
[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] => 1
[pending_listing_count_mm] => 0
[pending_listing_count_yy] => 0
[median_listing_price_per_square_feet] => 149
[median_listing_price_per_square_feet_mm] => -0.0274
[median_listing_price_per_square_feet_yy] => -0.0496
[median_square_feet] => 2948
[median_square_feet_mm] => -0.0452
[median_square_feet_yy] => 0.0978
[average_listing_price] => 775239
[average_listing_price_mm] => -0.0168
[average_listing_price_yy] => 0.0618
[total_listing_count] => 101
[total_listing_count_mm] => -0.0648
[total_listing_count_yy] => 0.01
[pending_ratio_mm] => 7.00E-04
[pending_ratio_yy] => -0.0012
[RegionID] => 79133
[RegionName] => 48323
[State] => MI
[Metro] => Detroit-Warren-Dearborn
[County] => Oakland County
[City] => West Bloomfield
[SizeRank] => 655
[Zhvi] => 351400
[MoM] => -0.00170455
[QoQ] => -0.00368585
[YoY] => 0.027185
[5Year] => 0.0436572
[10Year] => 0.0602813
[PeakMonth] => 2019-03
[PeakQuarter] => 2019-Q1
[PeakZHVI] => 352900
[PctFallFromPeak] => -0.0042505
[LastTimeAtCurrZHVI] => 2019-03
[flips] => 8216
[purchase_price] => 77923
[resale_price] => 131140
[gross_margin] => 53217
[flipcount_rank] => 12
[flipmargin_rank] => 37
[counties] => 83
[zip_population] => 17708
[zip_rank] => 214
[state_population] => 9995915
[state_rank] => 10
[state_difference] => 0.195139
[list_prices] => "264900,270000,269900,265000,260000,260000,262500,259900,269900,259900,274900,275000,269000,269000,269450,269000,285000,295000,295000,295000,283000,254900,260000,261762.5,259900,234950,243750,266950,279900,289900,299000,289900,299000,299000,310000,327499.5,332449.5,325000,315000,337000,365000,339900,344700,324900,349997.5,349900,339000,318000,299900,312500,299900,325000,347500,342500,350000,349900,339999,333000,325000,324850,315000,340000,349900,349000,349900,369700,375000,364944,364888,366944,349900,349900,349900,350000,379000,4.00E+05,409900,439950,425000,422450,420000,416950,425000,422450,425000,425000,399900,417450,449450,445000,439900,439945,429900,426450,4.00E+05,399950,429825,451000,422450,412450,403450,424500,425000,425000,398000,409000,399700,399900,4.00E+05,399900,398500,385995,391495,414950,404900,419900,422250,414999,429000,407890"
[list_prices_exploded] => Array
(
[0] => 264900
[1] => 270000
[2] => 269900
[3] => 265000
[4] => 260000
[5] => 260000
[6] => 262500
[7] => 259900
[8] => 269900
[9] => 259900
[10] => 274900
[11] => 275000
[12] => 269000
[13] => 269000
[14] => 269450
[15] => 269000
[16] => 285000
[17] => 295000
[18] => 295000
[19] => 295000
[20] => 283000
[21] => 254900
[22] => 260000
[23] => 261762.5
[24] => 259900
[25] => 234950
[26] => 243750
[27] => 266950
[28] => 279900
[29] => 289900
[30] => 299000
[31] => 289900
[32] => 299000
[33] => 299000
[34] => 310000
[35] => 327499.5
[36] => 332449.5
[37] => 325000
[38] => 315000
[39] => 337000
[40] => 365000
[41] => 339900
[42] => 344700
[43] => 324900
[44] => 349997.5
[45] => 349900
[46] => 339000
[47] => 318000
[48] => 299900
[49] => 312500
[50] => 299900
[51] => 325000
[52] => 347500
[53] => 342500
[54] => 350000
[55] => 349900
[56] => 339999
[57] => 333000
[58] => 325000
[59] => 324850
[60] => 315000
[61] => 340000
[62] => 349900
[63] => 349000
[64] => 349900
[65] => 369700
[66] => 375000
[67] => 364944
[68] => 364888
[69] => 366944
[70] => 349900
[71] => 349900
[72] => 349900
[73] => 350000
[74] => 379000
[75] => 4.00E+05
[76] => 409900
[77] => 439950
[78] => 425000
[79] => 422450
[80] => 420000
[81] => 416950
[82] => 425000
[83] => 422450
[84] => 425000
[85] => 425000
[86] => 399900
[87] => 417450
[88] => 449450
[89] => 445000
[90] => 439900
[91] => 439945
[92] => 429900
[93] => 426450
[94] => 4.00E+05
[95] => 399950
[96] => 429825
[97] => 451000
[98] => 422450
[99] => 412450
[100] => 403450
[101] => 424500
[102] => 425000
[103] => 425000
[104] => 398000
[105] => 409000
[106] => 399700
[107] => 399900
[108] => 4.00E+05
[109] => 399900
[110] => 398500
[111] => 385995
[112] => 391495
[113] => 414950
[114] => 404900
[115] => 419900
[116] => 422250
[117] => 414999
[118] => 429000
[119] => 407890
)
)
Array
(
[county_name] => Oakland
[state] => Michigan
[state_fips] => 26
[county_fips] => 26125
[dma] => 505
[metro_name] => Detroit, MI
[cbsa_name] => Detroit-Warren-Dearborn, MI
[county_region_id_zillow] => 1950
[metro_region_id_zillow] => 394532
[fips] => 26125
[cbsa_code] => 19820
[population_prior] => 1256182
[population] => 1259201
[rank] => 2
[difference] => 0.240331417
[region_id] => 1950
[sale_counts] => "1500,1578,1553,1461,1393,1313,1368,1449,1498,1525,1450,1547,1631,1745,1740,1553,1485,1377,1493,1476,1641,1827,1840,1942,1907,2047,1920,1786,1603,1437,1367,1406,1480,1607,1597,1785,1867,1943,1731,1601,1509,1577,1604,1582,1585,1617,1678,1920,1980,2009,1848,1796,1747,1771,1770,1916,1999,2055,2108,2283,2379,2323,2095,1969,2002,1976,2072,2091,2180,2105,2053,1973,1851,1837,1761,1819,1791,1785,1879,2005,2016,1943,1934,1967,1971,1995,1993,2100,2073,2163,2135,2068,1948,1955,1995,2239,2274,2297,2197,2196,2190,2218,2145,2094,2039,2131,2182,2307,2271,2197,2093,2125,2158,2198,2112,2147,2124,2123,2061,1987,2084,2176,2291,2195,2207,2158,2145,2067,2032,2045,2030,2015,2053,2124,2194,2174,2140,2042,2004,2043,2167,2111"
[county] => Oakland
[flips] => 1044
[purchase_price] => 125000
[resale_price] => 186000
[gross_margin] => 61000
[flipcount_rank] => 2
[flipmargin_rank] => 16
[sale_counts_exploded] => Array
(
[0] => 1500
[1] => 1578
[2] => 1553
[3] => 1461
[4] => 1393
[5] => 1313
[6] => 1368
[7] => 1449
[8] => 1498
[9] => 1525
[10] => 1450
[11] => 1547
[12] => 1631
[13] => 1745
[14] => 1740
[15] => 1553
[16] => 1485
[17] => 1377
[18] => 1493
[19] => 1476
[20] => 1641
[21] => 1827
[22] => 1840
[23] => 1942
[24] => 1907
[25] => 2047
[26] => 1920
[27] => 1786
[28] => 1603
[29] => 1437
[30] => 1367
[31] => 1406
[32] => 1480
[33] => 1607
[34] => 1597
[35] => 1785
[36] => 1867
[37] => 1943
[38] => 1731
[39] => 1601
[40] => 1509
[41] => 1577
[42] => 1604
[43] => 1582
[44] => 1585
[45] => 1617
[46] => 1678
[47] => 1920
[48] => 1980
[49] => 2009
[50] => 1848
[51] => 1796
[52] => 1747
[53] => 1771
[54] => 1770
[55] => 1916
[56] => 1999
[57] => 2055
[58] => 2108
[59] => 2283
[60] => 2379
[61] => 2323
[62] => 2095
[63] => 1969
[64] => 2002
[65] => 1976
[66] => 2072
[67] => 2091
[68] => 2180
[69] => 2105
[70] => 2053
[71] => 1973
[72] => 1851
[73] => 1837
[74] => 1761
[75] => 1819
[76] => 1791
[77] => 1785
[78] => 1879
[79] => 2005
[80] => 2016
[81] => 1943
[82] => 1934
[83] => 1967
[84] => 1971
[85] => 1995
[86] => 1993
[87] => 2100
[88] => 2073
[89] => 2163
[90] => 2135
[91] => 2068
[92] => 1948
[93] => 1955
[94] => 1995
[95] => 2239
[96] => 2274
[97] => 2297
[98] => 2197
[99] => 2196
[100] => 2190
[101] => 2218
[102] => 2145
[103] => 2094
[104] => 2039
[105] => 2131
[106] => 2182
[107] => 2307
[108] => 2271
[109] => 2197
[110] => 2093
[111] => 2125
[112] => 2158
[113] => 2198
[114] => 2112
[115] => 2147
[116] => 2124
[117] => 2123
[118] => 2061
[119] => 1987
[120] => 2084
[121] => 2176
[122] => 2291
[123] => 2195
[124] => 2207
[125] => 2158
[126] => 2145
[127] => 2067
[128] => 2032
[129] => 2045
[130] => 2030
[131] => 2015
[132] => 2053
[133] => 2124
[134] => 2194
[135] => 2174
[136] => 2140
[137] => 2042
[138] => 2004
[139] => 2043
[140] => 2167
[141] => 2111
)
)