Deasy Penner Podley's Market Report

Burbank, CA

Single-Family Homes

www.dppre.com | 626.795.6262 | info@dppre.com



Burbank, CA

Wed Oct 04 2023
This week the median list price for Burbank, CA is $1,295,000 with the market action index hovering around 56. This is less than last month's market action index of 62. Inventory has increased to 61. Click here to stay informed with the Burbank market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Burbank, CA

Wed Oct 04 2023
This week the median list price for Burbank, CA is $1,295,000 with the market action index hovering around 56. This is less than last month's market action index of 62. Inventory has increased to 61. Click here to stay informed with the Burbank market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Burbank market.
Median List Price $1,295,000
Median Price of New Listings $1,037,449
Per Square Foot $837
Average Days on Market 38
Median Days on Market 14
Price Decreased 31%
Price Increased 0%
Relisted 11%
Inventory 61
Median Rent
Market Action 56
Strong Seller's Market

The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,200,000 2,964 8,000 - 10,000 sqft 4 4 56 0 0 42
$1,399,000 1,559 6,500 - 8,000 sqft 3 2 82 2 2 28
$1,175,000 1,428 4,500 - 6,500 sqft 3 2 82 5 2 14
$995,000 1,090 4,500 - 6,500 sqft 2 1 82 7 4 7