Springfield, OR 97478

Flip Market Report

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, OR. If these factors exist, there is a good chance that a successful flip is possible.

By looking at recent sales data in Lane County, we've been able to rank it against its peer counties within Oregon. To provide an even fuller picture, we also ranked Oregon against all other US states.

Region Rank in # of Flips Rank in Flip Profit
Oregon #25th in US
#19th in US
Lane County #4th in OR
#9th in OR

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.

97478 Historical Monthly Listing Prices

Latest Median Sale Price

$ 315,000

0.07% YoY Change
Lane Historical Monthly Home Sales

Latest Monthly Sales Count

484

List Price /sqft

$200

0.01% from last quarter

Reduced Listings /Month

16

-0.33% from last quarter

Avg. Days on Market

78

0.2% from last year

Average Home Sqft

$1,831

0.07% from last year

Population Rank

In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Lane County. This is a good sign that flipping a house here will be successful.

Region Population Change YoY Rank
Oregon 4,190,713 1.06% #27th in US
Lane County 379,611 1.06% #4th in OR
97478 37,011 #26th in OR
Home Searches

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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Array
(
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    [state] => Oregon
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    [dma] => 801
    [metro_name] => Eugene, OR
    [cbsa_name] => Eugene, OR
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    [fips] => 41039
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    [rank] => 4
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)

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