House Flipping Report
Neighborhood Data
Springfield, IL 62712
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 Springfield, IL . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Sangamon 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
Sangamon County
#11th in IL
#15th 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
$ 318,500
0.1% YoY Change
Latest Monthly Sales Count
List Price /sqft
$103
0.02% from last quarter
Average Home Sqft
$2,787
-0.04% 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 Sangamon 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
Illinois
12,741,080
-0.35%
#6th in US
Sangamon County
195,348
-0.78%
#11th in IL
62712
10,302
#65th 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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