House Flipping Report
Neighborhood Data
Minot, ND 58701
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 Minot, ND . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Ward County , we've been able to rank it against its peer counties within North Dakota. To provide an even fuller picture, we also ranked North Dakota against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
North Dakota
#49th in US
#10th in US
Ward County
#3rd in ND
#2nd in ND
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
$ 179,900
0.15% YoY Change
Latest Monthly Sales Count
List Price /sqft
$95
-0.02% from last quarter
Reduced Listings /Month
12
even from last quarter
Average Home Sqft
$2,016
-0.09% 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 Ward 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
North Dakota
760,077
0.65%
#47th in US
Ward County
67,744
-0.95%
#4th in ND
58701
28,368
#4th in ND
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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