House Flipping Report
Neighborhood Data
Litchfield, MN 55355
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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 Litchfield, MN . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Meeker County , we've been able to rank it against its peer counties within Minnesota. To provide an even fuller picture, we also ranked Minnesota against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Minnesota
#24th in US
#24th in US
Meeker County
#29th in MN
#40th in MN
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 Monthly Sales Count
28
List Price /sqft
$100
0.01% from last quarter
Average Home Sqft
$1,761
-0.2% 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 Meeker County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Minnesota
5,611,179
0.77%
#22nd in US
Meeker County
23,141
0.43%
#43rd in MN
55355
9,656
#66th in MN
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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