House Flipping Report
Neighborhood Data
Mercer, WI 54547
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 Mercer, WI . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Iron County , we've been able to rank it against its peer counties within Wisconsin. To provide an even fuller picture, we also ranked Wisconsin against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Wisconsin
#26th in US
#21st in US
Iron County
#53rd in WI
#41st in WI
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
$ 199,500
even YoY Change
Latest Monthly Sales Count
8
List Price /sqft
$153
0.02% from last quarter
Average Home Sqft
$1,400
0.09% 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 Iron County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Wisconsin
5,813,568
0.37%
#20th in US
Iron County
5,676
0.07%
#70th in WI
54547
1,392
#54th in WI
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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