House Flipping Report
Neighborhood Data
Elgin, IL 60124
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 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
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
$ 344,900
0% YoY Change
List Price /sqft
$128
0.01% from last quarter
Reduced Listings /Month
28
-0.5% from last quarter
Average Home Sqft
$2,775
0.07% from last year
In order to successfully flip houses, you need the population of the area to be trending northward for either the individual zip code or the county as a whole. As more people come into an area, they will need quality housing to keep up with the influx of people.
Region
Population
Change YoY
Rank
Illinois
12,741,080
-0.35%
#6th in US
60124
18,935
#51st 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.
Array
(
[zip_id] => 12620
[country] => USA
[zip] => 60124
[city] => Elgin
[state] => Illinois
[state_abbr] => IL
[county] =>
[dma] => 602
[latitude] => 42.0431
[longitude] => -88.4126
[timezone] => -6
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 60124
[zip_name] => elgin, il
[flag] =>
[median_listing_price] => 357495
[median_listing_price_mm] => 0.01
[median_listing_price_yy] => 0.067
[active_listing_count] => 157
[active_listing_count_mm] => -0.1693
[active_listing_count_yy] => 0.0261
[median_days_on_market] => 70.5
[median_days_on_market_mm] => 0.119
[median_days_on_market_yy] => -0.0962
[new_listing_count] => 16
[new_listing_count_mm] => -0.3333
[new_listing_count_yy] => -0.2
[price_increased_count] => 0
[price_increased_count_mm] => -1
[price_increased_count_yy] =>
[price_reduced_count] => 28
[price_reduced_count_mm] => -0.5
[price_reduced_count_yy] => 0.75
[pending_listing_count] => 40
[pending_listing_count_mm] => -0.322
[pending_listing_count_yy] => -0.0476
[median_listing_price_per_square_feet] => 128
[median_listing_price_per_square_feet_mm] => 0.0081
[median_listing_price_per_square_feet_yy] => -0.0145
[median_square_feet] => 2775
[median_square_feet_mm] => 0.0082
[median_square_feet_yy] => 0.0716
[average_listing_price] => 389889
[average_listing_price_mm] => 0.0253
[average_listing_price_yy] => -0.1384
[total_listing_count] => 197
[total_listing_count_mm] => -0.2056
[total_listing_count_yy] => 0.2548
[pending_ratio_mm] => -0.0574
[pending_ratio_yy] => -0.0197
[RegionID] => 399602
[RegionName] => 60124
[State] => IL
[Metro] => Chicago-Naperville-Elgin
[County] => Kane County
[City] => Elgin
[SizeRank] => 549
[Zhvi] => 304500
[MoM] => 0.000328515
[QoQ] => -0.00425114
[YoY] => 0.00263418
[5Year] => 0.0212584
[10Year] => 0.00972922
[PeakMonth] => 2006-08
[PeakQuarter] => 2006-Q3
[PeakZHVI] => 354500
[PctFallFromPeak] => -0.141044
[LastTimeAtCurrZHVI] => 2004-01
[flips] => 6968
[purchase_price] => 111282
[resale_price] => 193723
[gross_margin] => 82442
[flipcount_rank] => 15
[flipmargin_rank] => 18
[counties] => 102
[zip_population] => 18935
[zip_rank] => 251
[state_population] => 12741080
[state_rank] => 6
[state_difference] => -0.35284
[list_prices] => "329900,323000,317820,318500,319990,319900,318750,319900,299900,286990,289000,287995,284900,279500,284995,290000,289950,283250,279900,280000,279000,279000,276615,284120,286000,279450,275000,269450,269000,269900,259950,263500,262000,268535,268995,279900,285000,279900,289000,284900,290495,292490,296995,296995,299900,297000,296995,296995,294990,299000,299000,299900,299985,299990,296995,299900,296995,295992.5,295990,297490,299990,299900,299850,299900,299990,299990,304995,305992.5,305992.5,305995,300490,303995,306995,307990,310995,312995,319450,318200,318995,319900,319000,319900,312995,315000,320155,315200,315200,317990,319900,319900,321980,319500,324997.5,329900,339990,342000,339990,339900,334985,332245,336455,329900,325000,325000,324947.5,324900,324450,324950,328947.5,339900,335000,335450,335000,339000,339900,339900,340610,337887.5,339450,344900"
[list_prices_exploded] => Array
(
[0] => 329900
[1] => 323000
[2] => 317820
[3] => 318500
[4] => 319990
[5] => 319900
[6] => 318750
[7] => 319900
[8] => 299900
[9] => 286990
[10] => 289000
[11] => 287995
[12] => 284900
[13] => 279500
[14] => 284995
[15] => 290000
[16] => 289950
[17] => 283250
[18] => 279900
[19] => 280000
[20] => 279000
[21] => 279000
[22] => 276615
[23] => 284120
[24] => 286000
[25] => 279450
[26] => 275000
[27] => 269450
[28] => 269000
[29] => 269900
[30] => 259950
[31] => 263500
[32] => 262000
[33] => 268535
[34] => 268995
[35] => 279900
[36] => 285000
[37] => 279900
[38] => 289000
[39] => 284900
[40] => 290495
[41] => 292490
[42] => 296995
[43] => 296995
[44] => 299900
[45] => 297000
[46] => 296995
[47] => 296995
[48] => 294990
[49] => 299000
[50] => 299000
[51] => 299900
[52] => 299985
[53] => 299990
[54] => 296995
[55] => 299900
[56] => 296995
[57] => 295992.5
[58] => 295990
[59] => 297490
[60] => 299990
[61] => 299900
[62] => 299850
[63] => 299900
[64] => 299990
[65] => 299990
[66] => 304995
[67] => 305992.5
[68] => 305992.5
[69] => 305995
[70] => 300490
[71] => 303995
[72] => 306995
[73] => 307990
[74] => 310995
[75] => 312995
[76] => 319450
[77] => 318200
[78] => 318995
[79] => 319900
[80] => 319000
[81] => 319900
[82] => 312995
[83] => 315000
[84] => 320155
[85] => 315200
[86] => 315200
[87] => 317990
[88] => 319900
[89] => 319900
[90] => 321980
[91] => 319500
[92] => 324997.5
[93] => 329900
[94] => 339990
[95] => 342000
[96] => 339990
[97] => 339900
[98] => 334985
[99] => 332245
[100] => 336455
[101] => 329900
[102] => 325000
[103] => 325000
[104] => 324947.5
[105] => 324900
[106] => 324450
[107] => 324950
[108] => 328947.5
[109] => 339900
[110] => 335000
[111] => 335450
[112] => 335000
[113] => 339000
[114] => 339900
[115] => 339900
[116] => 340610
[117] => 337887.5
[118] => 339450
[119] => 344900
)
)
Array
(
[sale_counts_exploded] => Array
(
[0] =>
)
)