Deasy Penner Podley's Market Report

Burbank, CA

Single-Family Homes

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



Burbank, CA

Mon Nov 30 2020
This week the median list price for Burbank, CA is $1,100,000 with the market action index hovering around 71. This is an increase over last month's market action index of 69. Inventory has held steady at or around 46. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Burbank, CA

Mon Nov 30 2020
This week the median list price for Burbank, CA is $1,100,000 with the market action index hovering around 71. This is an increase over last month's market action index of 69. Inventory has held steady at or around 46. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Burbank market.
Median List Price $1,100,000
Per Square Foot $625
Days on Market 42
Price Decreased 22%
Price Increased 2%
Relisted 9%
Inventory 46
Median Rent $3,800
Most Expensive $4,995,000
Least Expensive $650,000
Market Action 71
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,895,000 3,294 8,000 - 10,000 sqft 4 4 73 0 3 68
$1,249,995 2,099 6,500 - 8,000 sqft 4 2 76 4 5 47
$1,049,000 1,648 6,500 - 8,000 sqft 3 2 81 5 8 28
$791,958 1,183 4,500 - 6,500 sqft 2 1 79 4 9 23