House Flipping Report
Neighborhood Data
Downers Grove, IL 60516
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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 Downers Grove, IL . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in DuPage 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
$ 349,000
0% YoY Change
List Price /sqft
$184
-0.01% from last quarter
Reduced Listings /Month
20
-0.17% from last quarter
Average Home Sqft
$1,855
-0.12% 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
60516
29,084
#47th 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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