Deasy Penner Podley's Market Report

Burbank, CA

Single-Family Homes

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



Burbank, CA

Sun Jan 29 2023
This week the median list price for Burbank, CA is $1,395,000 with the market action index hovering around 51. This is less than last month's market action index of 55. Inventory has decreased to 44. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Burbank, CA

Sun Jan 29 2023
This week the median list price for Burbank, CA is $1,395,000 with the market action index hovering around 51. This is less than last month's market action index of 55. Inventory has decreased to 44. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Burbank market.
Median List Price $1,395,000
Median Price of New Listings $1,347,000
Per Square Foot $799
Average Days on Market 70
Median Days on Market 56
Price Decreased 41%
Price Increased 5%
Relisted 14%
Inventory 44
Median Rent
Market Action 51
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
$2,300,000 2,728 8,000 - 10,000 sqft 4 4 76 2 0 56
$1,499,000 1,899 6,500 - 8,000 sqft 3 2 75 1 1 35
$1,250,000 1,546 6,500 - 8,000 sqft 3 2 84 4 2 56
$844,550 913 6,500 - 8,000 sqft 2 1 79 1 4 77