DPP | Compass' Market Report

Burbank, CA

Single-Family Homes

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



Burbank, CA

Wed Feb 21 2024
This week the median list price for Burbank, CA is $1,597,444 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 52. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Burbank, CA

Wed Feb 21 2024
This week the median list price for Burbank, CA is $1,597,444 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 52. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Burbank market.
Median List Price $1,597,444
Median Price of New Listings $1,324,999
Per Square Foot $819
Average Days on Market 70
Median Days on Market 32
Price Decreased 29%
Price Increased 6%
Relisted 25%
Inventory 52
Median Rent
Market Action 47
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$2,325,000 2,821 6,500 - 8,000 sqft 4 4 22 0 2 42
$1,699,000 2,030 6,500 - 8,000 sqft 4 3 78 2 2 70
$1,399,900 1,829 6,500 - 8,000 sqft 3 2 85 2 2 21
$1,025,000 1,302 6,500 - 8,000 sqft 3 2 82 4 4 14