House Flipping Report
Neighborhood Data
Owosso, MI 48867
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 Owosso, MI . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Shiawassee 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
Shiawassee County
#23rd in MI
#14th 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
$ 109,900
even YoY Change
Latest Monthly Sales Count
79
List Price /sqft
$85
-0.02% from last quarter
Reduced Listings /Month
16
-0.2% from last quarter
Average Home Sqft
$1,349
-0.06% from last year
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 Shiawassee 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
Shiawassee County
68,192
-0.39%
#28th in MI
48867
28,264
#1st 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.
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