Deasy Penner Podley's Market Report

Burbank, CA

Single-Family Homes

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



Burbank, CA

Tue May 11 2021
This week the median list price for Burbank, CA is $1,177,000 with the market action index hovering around 73. This is an increase over last month's market action index of 72. Inventory has increased to 56. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Burbank, CA

Tue May 11 2021
This week the median list price for Burbank, CA is $1,177,000 with the market action index hovering around 73. This is an increase over last month's market action index of 72. Inventory has increased to 56. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Burbank market.
Median List Price $1,177,000
Median Price of New Listings $1,179,971
Per Square Foot $706
Average Days on Market 31
Median Days on Market 7
Price Decreased 18%
Price Increased 5%
Relisted 5%
Inventory 56
Median Rent $3,495
Market Action 73
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$2,047,000 3,020 8,000 - 10,000 sqft 4 4 59 4 1 14
$1,299,500 1,917 6,500 - 8,000 sqft 3 2 78 6 4 7
$969,500 1,369 6,500 - 8,000 sqft 3 2 83 7 4 3
$817,000 1,016 4,500 - 6,500 sqft 2 1 81 0 2 14