Choose which platform to sign into.

Flipping Homes in the
Washington, D.C. Metro Area

Contact a Data Expert Today

Washington, D.C. Area Flipping Properties Latest
Trend Report

Centered around the nation’s capital, the Washington-Arlington-Alexandria metro area is home to roughly 6.3 million residents, making it the sixth most populated metro area in the nation. 

Ranked twelfth among the nation’s top 20 for the most flipped homes during the third quarter of 2023, the metro area’s 6,247 square miles has nearly 2.4 million housing units spread out among the District of Columbia along with the states of Maryland, Virginia and West Virginia.

The median flipped home in the Washington D.C. metro area was built in 1977 with a median size of 1,325 square feet.

Q3 2023 Home Flipping Figures for the Washington, D.C. Market

Total Number of Flips926
Home Flipping Rate5.1%
Flipping Gross Profit$149,900
Gross Return on Investment42.8%

Other highlights from ATTOM’s third quarter of 2023 Home Flipping Report revealed the following details for the Washington D.C. metro area:

  • Quarterly change in flipping rate was down 5.8 percent
  • Flipping rate was down 2.7 percent from last year
  • Median purchase price = $350,000
  • Median flipped price = $499,900

With a gross flipping profit of $149,900, the Washington D.C. metro’s gross ROI was down from 44.3 percent from the same quarter a year ago. Home flips in the metro area during the third quarter of 2023 were down from their peak that occurred during the second quarter of 2005 when they numbered 2,707.

Investors paid cash for 57.0 percent of all properties being flipped in the Washington D.C. metro, while 43.0 percent of purchases were financed during the third quarter of 2023. Of the flipped homes sold during the quarter 23.1 percent were sold to cash buyers’ 9.4 percent were bought by FHA buyers.

Flipped homes in the Washington D.C. metro area that were completed in the third quarter of 2023 took an average of 160 days to finish.

See How ATTOM Can Make a Difference for Your Business!

Contact Your Data Expert Now
Contact Us
Get in Touch with Your Data Expert Today
Call: 800-462-5125
or Fill Out the Form Below: