Deasy Penner Podley's Market Report

Burbank, CA

Single-Family Homes

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



Burbank, CA

Thu Apr 02 2020
This week the median list price for Burbank, CA is $1,073,750 with the market action index hovering around 62. This is less than last month's market action index of 67. Inventory has held steady at or around 42. 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 started cooling and prices have been flat for several weeks. Since 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

Thu Apr 02 2020
This week the median list price for Burbank, CA is $1,073,750 with the market action index hovering around 62. This is less than last month's market action index of 67. Inventory has held steady at or around 42. 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 started cooling and prices have been flat for several weeks. Since 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 $1,073,750
Per Square Foot $606
Days on Market 43
Price Decreased 36%
Price Increased 21%
Relisted 2%
Inventory 42
Median Rent $3,950
Most Expensive $2,250,000
Least Expensive $580,000
Market Action 62
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$1,592,388 2,763 0.25 - 0.5 acre 4 3 69 2 1 25
$1,199,939 2,021 6,500 - 8,000 sqft 4 3 71 0 0 60
$964,999 1,569 6,500 - 8,000 sqft 3 2 79 2 4 56
$780,000 1,113 4,500 - 6,500 sqft 2 2 73 4 5 27