House Flipping Report
Neighborhood Data
Elgin, IL 60120
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 Elgin, IL . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Kane County , we've been able to rank it against its peer counties within Illinois. To provide an even fuller picture, we also ranked Illinois against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Illinois
#15th in US
#18th in US
Kane County
#5th in IL
#12th in IL
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
$ 185,000
0.04% YoY Change
Latest Monthly Sales Count
729
List Price /sqft
$122
0.02% from last quarter
Reduced Listings /Month
16
-0.69% from last quarter
Average Home Sqft
$1,586
0.06% 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 Kane County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Illinois
12,741,080
-0.35%
#6th in US
Kane County
534,216
0.2%
#5th in IL
60120
50,955
#36th in IL
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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