Deasy Penner Podley's Market Report

Burbank, CA

Single-Family Homes

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



Burbank, CA

Fri Mar 05 2021
This week the median list price for Burbank, CA is $1,090,000 with the market action index hovering around 74. This is less than last month's market action index of 77. Inventory has held steady at or around 43. 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 recently plateaued. 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

Fri Mar 05 2021
This week the median list price for Burbank, CA is $1,090,000 with the market action index hovering around 74. This is less than last month's market action index of 77. Inventory has held steady at or around 43. 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 recently plateaued. 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 $1,090,000
Per Square Foot $671
Days on Market 14
Price Decreased 14%
Price Increased 5%
Relisted 0%
Inventory 43
Median Rent $3,500
Most Expensive $2,149,000
Least Expensive $550,000
Market Action 74
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
$1,474,500 2,156 6,500 - 8,000 sqft 4 2 81 4 4 10
$1,229,000 1,917 6,500 - 8,000 sqft 3 3 81 1 1 7
$989,000 1,577 6,500 - 8,000 sqft 3 2 82 6 2 0
$899,000 1,284 6,500 - 8,000 sqft 2 1 80 2 6 14