Flipping Homes in the
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Dallas Area
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Comprised of 13 counties, the Dallas-Fort Worth-Arlington metro area is the fourth most populated metro in the nation with 7.6 million people. Located in northern Texas – the DFW metroplex as it is known – has roughly 2.9 million housing units in 9,286 square miles.
According to the American Community Survey in 2018, of the housing units in the Dallas metroplex 66 percent were single family homes. In all, 92 percent of all housing units were occupied, but only 59 percent were owner occupied.
Q3 2023 Home Flipping Figures for the Dallas Market
| Total Number of Flips | 1,684 |
|---|---|
| Home Flipping Rate | 8.9% |
| Flipping Gross Profit | $16,700 |
| Gross Return on Investment | 4.9% |
Other highlights from ATTOM’s third quarter of 2023 Home Flipping Report revealed the following details for the Dallas metro area:
- Quarterly change in flipping rate was down 0.6 percent
- Year Over Year change in flipping rate was down 7.6 percent
- Median purchase price = $337,993
- Median flipped price = $354,693
With a flipping gross profit of $16,700 for the third quarter of 2023, investors’ gross return on investment was 4.9 percent, down from 6.6 percent a year ago. Home flips in the Dallas metro area were just down in the third quarter of 2023 from their peak that occurred in the first quarter of 2021 when they numbered 3,056.
Flipped homes that sold in the Dallas metro area in the third quarter took an average of 150 days to complete the flip.
