Flipping Homes in the
New York Metro Area

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New York Area Flipping Properties Latest
Trend Report

Far and away the New York-Newark-Jersey City metropolitan statistical area leads the nation in terms of both population and total housing units. It also plays a key role in seeing trends in the housing market, especially when it comes to home flipping.

In all, the 2,022 homes flipped in the New York metro area during the third quarter of 2021, accounted for 3.8 percent of all home sales in the metro area according to ATTOM Data Solutions.

Q3 2021 Home Flipping Figures for the New York Market

Total Number of Flips2,022
Home Flipping Rate3.8%
Flipping Gross Profit$127,650
Gross Return on Investment36.7%

Other data figures from our latest home flipping report for the New York metro area include:

  • Median Purchase Price = $347,350
  • Median Flipped Price = $475,000
  • Average number of days to flip = 172

Therefore, with a median purchase price of $347,350 during the third quarter of 2021, and a flipped price of $475,000, investors in the New York market stood to make a $127,650 profit, resulting in a 36.7 percent return on investment, a 39 percent decline in ROI from a year ago.

When it comes to buyers with purchasing power, the New York metro area has long been a top performer as well.

Given its population, and overall economic prowess, demand for housing is at a premium in the New York metro area and flipped homes in New York are a welcome addition to the inventory.

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