10 House Flipping Statistics in 2025

The average gross profit for house flips in 2025 is about $66,000.

The average time to flip a home is around 166 days.

The average flipper makes around six figures.

Let’s take a look at more house flipping statistics and what you can expect to encounter in this industry.

House Flipping Statistics

1. The average house flip profit is $66,000.
2. The average cost of flipping a condo is $252,518.
3. The average ROI for house flipping is 30.4%.
4. The average time to flip a house is 166 days, or about 5.5 months.
5. 37% of house flips were financed vs 63% were paid in cash.
6. Between 241,000 and 407,000 houses were flipped in the US annually over the past 5 years.
7. The average house flipper makes $117,372 per year.
8. House flipping is still profitable in 2024, with the average gross profit per house averaging about $73,000.
9. The average house flipping success rate is 88%, with 12% of house flips selling at break even or a loss.
10. Bargain Block, Unsellable Houses, and 100 Day Dream Home top the most popular house flipping TV shows.

1. What Is the House Flipping Average Profit?

Just how lucrative is an average house flip? We crunched the numbers to figure it out.

The good news? Current research does indicate that house flippers are making a decent profit.

Research published by the Statista Research department revealed an average gross profit of $66,000 in 2023. The 2023 average gross profit was a minor decrease from previous years due to the cooling down of the real estate market. In 2021, this number was closer to $75,000.

But how are house flippers faring now?

The numbers have actually risen when it comes to real estate investing and flipping.

ATOMM estimates that the average gross profit in the second quarter of 2024 is about $73,500. This is a substantial increase, even if it hasn’t reached the same heights as previous years.

It’s also worth noting which areas saw the highest flipping rates and which saw the least. House flipping market statistics can show this as well.

Continuing with ATOMM’s data, the following real estate markets experienced the highest rates:

• Warner Robins, Georgia: 20.7 percent (home flips out of all home sales totaled around 20.7 percent of all home sales in the real estate market).
• Macon, Georgia: 15.4 percent
• Atlanta, Georgia: 13.4 percent
• Columbus, Georgia: 13.2 percent
• Memphis, Tennessee: 12.8 percent
• Birmingham, Alabama: 11.7 percent
• Cleveland, Ohio: 11 percent
• Columbus, Ohio: 10.7 percent

Market research reveals areas experiencing the lowest home-flipping rates included:

• Portland, Oregon: 4.2 percent
• San Jose, California: 4.1 percent
• Seattle, Washington: 4 percent
• Honolulu, Hawaii: 3.5 percent
• Hilo, Hawaii: 3.3 percent

2. What Is the Average Cost of Flipping a Condo?

The average cost of flipping a condo is generally factored into data mixing both single-family homes and condos. As such, getting an exact figure for this type of real estate is challenging.

However, we do have some numbers that can help us get a close estimate.

According to Statista, the average sale price for condos was about $348,300 in 2023. ATOMM estimates that the average house flip profit margin was about 27.5 percent in 2023.

Based on this information, we know that the average profit was about $95,783 for condos, making the total cost of flipping a condo, on average, around $252,518.

Most of the same house flipping costs apply to condos. Real estate investing costs you’ll need to consider for this type of property include:

• Purchase price
• Renovation costs for DIY or non-DIY flips (labor, materials, etc.)
• Closing costs
• Holding costs (utilities, cleaning, and more until home sale)
• HOA costs (and renovation limitations or additional fees for external repair costs)
• Property tax
• Selling-related costs (real estate agent, marketing, etc.)

Take care to consider each of the above to get a better idea of how much it will cost you to flip a condo. You can also use strategies like the 70 rule to try to calculate a flip beforehand. The more informed you are, the better the outcome.

3. What Is the Average ROI for House Flipping?

The average ROI can help flippers like you better gauge whether your activities will be generating the type of profits you need to continue flipping property.

Continuing with the data provided by ATOMM above, the average ROI for Q2 of 2024 is around 30.4 percent. While this is a drop-off compared to previous years, it’s still an impressive ROI.

Some sources tend to inflate the ROI that you might expect to make when flipping. In reality, most would place an expected ROI in the more conservative ballpark of 10 to 20 percent. This is common among real estate flippers.

4. What Is the Average Time to Flip a House?

The longer it takes you to flip a home, the more it cuts into your bottom line.

Most think of the costs of house flipping in terms of the upfront costs. These will include materials, manpower needed on the property, and so on.

However, the longer your real estate sits there, the more you have to pay out of pocket. Your property still needs to be insured, have access to utilities, and be regularly maintained.

The sooner you sell, the sooner you’re able to profit off of your work and continue to flip houses.

A lot of what we’ve covered so far has trended downward. For the average flipping time, this bodes well for you.

According to the second quarter study from ATTOM, the average time to flip a home was 166 days. This is up just only two days from the first quarter of 2024. It’s actually much lower than 2023. In 2023, the average time to flip a home was 178 days.

This is an indicator that there’s still a good enough demand for real estate. With that in mind, make sure to do research for your local market prior to flipping. If your region has low flip rates, you could end up sitting on your property for longer before you see a sale.

5. House Flips: How Many Are Financed vs Paid in Cash?

How you choose to fund your house-flipping endeavors will determine how much debt you take on.

The amount of homes financed is significant but still lower than outright cash payments. ATOMM data solutions estimates that about 37 percent of homes in Q2 2024 were financed. This has been on a gradual decline this year.

Meanwhile, 63 percent of homes were paid in cash. This is a statistic that has actually trended upward. It’s only up a few percentage points from the first quarter. However, it’s up about three percent from the previous year.

We also have information on how many of the houses paid in cash were flipped in different metropolitan areas. Some of the areas that saw the highest house flips that were financed with cash include:

• Buffalo, New York: 80.5 percent
• Pittsburgh, Pennsylvania: 76.9 percent
• Cleveland, Ohio: 75.6 percent
• Birmingham, Alabama: 74.3 percent
• Rochester, New York: 74.1 percent

6. How Many Houses Are Flipped Each Year?

ATOMM is an authority in the home flipping space. Each year, they produce year-end reports that can be quite revealing. Let’s take a look at the last four years and what each home flipping report found.

(Note: Available real estate investment data will cover both single-family homes and condos).

2020: The 2020 end-of-year report shows that 241,630 properties were flipped this year. This number is down 13.1 percent from 2019. It’s also the lowest amount of properties flipped in the real estate market since 2016. 2021: 2021 sees a major uptick in home flipping activity. This year saw around 323,465 properties flipped. This is a 26 percent increase from the previous report and one of the highest real estate flip rates since 2006. 2022: The year-by-year trend seemed to be quite promising in 2022. The annual number of home flips has since risen to 407,417 properties. This is the highest rate since about 2005. Real estate investing appears to be on the rise this year. 2023: 2023 starts to see a decline in the average home flipping rate. Last year, we only saw 308,922 properties flipped. This is something that we may see carry into 2024. 2024: 2024 hasn’t come to a close yet. However, the 2024 Q1 report reveals that around 67,817 properties were flipped. In the second quarter, home flips rose to 79,540 properties. We’ll have to wait for the year-end report to see how many houses are flipped this year.

7. How Much Does the Average Flipper Make?

The tricky part about finding out what the average flipper makes is that most available data focuses solely on salary data. Salary data isn’t necessarily inaccurate. It may not be representative of what the average flipper is earning.

This is especially true if the data comes from, say, an employment website.

One source took a closer look at reported income from house flippers across the U.S. Their estimate was that the average flipper was bringing in around $117,372 annually. However, it’s important to note that The Investor’s Edge calculated this in 2020.

Most other sources will estimate that the average flipper makes around this much or about half of this.

Of course, getting a strong estimate depends highly on a wide range of factors.

These include:

• How many houses a flipper is flipping throughout the year
• How much they’re making when they sell the home
• What their property actually ends up costing them to fix up
• How long it takes for the property to sell
• And so on

What others make might not be what you make and vice versa.

8. Is House Flipping Still Profitable in 2024?

Profits and market trends tend to change year after year. While house flippers might have a particularly bad year, the next year might be better.

So, what does 2024 look like for flippers? Using the same 2020-2024 approach, we used the sources cited throughout the article to determine that it’s looking up for flippers in 2024.

• 2020: The average gross profit of flips was $66,300. The average ROI came in at 40.5. The average gross profit per home flip had increased. But the average ROI fell from previous years.
• 2021: The average gross profit was $65,000. The average ROI was only 31 percent. This is a noticeable dip in activity and profitability from the previous year.
• 2022: The average gross flipping profit rose a little to around $67,900 nationwide. However, the average ROI dipped to just 26.9 percent this year.
• 2023: The average gross profit dipped once again to hit $66,000. The average ROI rose slightly to reach 27.5 percent. The shrinking profit margin continues.
• 2024: The year 2024 may be better for flippers. Gross profits rose to a whopping $72,375 in Q1 and $73,500 in Q2. The average ROI was 30.2 percent and 30.4 percent, respectively. Property may be more lucrative moving forward.

9. What Is the Average Success Rate of Flipping Houses?

The average success rate can be difficult to identify. But what we can find is more information about how many flips “fail”.

One study by Money from 2016 found that around 12 percent of flips broke even or sold for a loss before all expenses. However, this is old information surrounding flipping houses.

Information from more recent years can be difficult to find. However, some relevant statistics could still give us some more insights. One study published in 2023 by New Silver found that:

• Approximately 20 percent of house flippers expected their profits to wane in the future.
• 16.5 percent of homes in Florida sell for above their asking price. Around 18.2 percent of homes in Texas do as well. These are listed as some of the top markets for home flipping.
• Some of the major challenges flippers identified in flipping homes include affordable capital, sourcing properties, and high interest rate applications.

10. What Are the Most Popular House Flipping TV Shows?

House flipping isn’t just a way for people to make money. It’s a popular reality show topic that makes for entertaining television. This is true whether or not you’re a home flipper. People love to see someone flip a distressed property and be driven by the potential profit.

Finding available data on which shows are performing best is difficult. There are a lot of guides that recommend shows, but few that show which ones are doing best.

However, DirectTV recently published a piece on the top house-flipping TV shows. They create these watchlists based on available data. Their top 10 list for 2024 includes property flipping shows like:

1. Bargain Block
2. Unsellable Houses
3. 100 Day Dream Home
4. Love It or List It
5. Homestead Rescue
6. Fixer to Fabulous
7. Home Town
8. Married to Real Estate
9. Beachfront Bargain Hunt: Renovation
10. Windy City Rehab

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