House flipping has become increasingly popular over the past few years, although interest may be starting to wane.
Out of all home sales in the third quarter of 2025, 6.8% were flips. That’s down from 7.3% in the second quarter of 2025, and about level with the third quarter of 2024, when 7% of sales were flips,, according to data from ATTOM Data.
There’s still plenty of money to be made in home flipping, although profit dropped in the third quarter of 2025 to $60,000 and and return on investment (ROI) fell to 23.1%, which is the lowest ROI since 2007. House flipping profit and ROI has dropped for six straight quarters, according to ATTOM Data.
Are you thinking about getting into the fix-and-flip game? Want guidance on where to do your next flip? Read on for more essential flipping stats to have on your radar.
Nationwide house-flipping stats: Return on investment, flipping rates, and more
House flips as a percentage of all home sales
In the third quarter of 2025, 72,217 single-family homes and condos were flipped, 6.8% of all home sales in that quarter, according to ATTOM Data.
The overall number of homes flipped declined by roughly 7 thousand from the previous quarter.
The number and percentage of home purchases that ended up being flipped peaked in 2022, when 8.6% of all home sales that year, nearly 441,000, were flips.
House-flipping gross profit and return on investment
The average ROI for house flipping in the third quarter of 2025 was 23.1%, and the average gross profit that quarter was $60,00, according to ATTOM Data. The average ROI for house flipping is at its lowest since 2007. ROI fell 3.4 percentage points from the previous quarter, and gross profit was $8,000 less. Year-over-year, profit was down $13,554 and gross ROI fell by 6.8 percentage points.
Although popular, house flipping has become less profitable over the past several years. In 2016, it achieved an average ROI of 54% and a gross profit of $65,000. In 2024, the average ROI was down to 30% but profit was $72,000.
