Deasy Penner Podley's Market Report

Burbank, CA

Single-Family Homes

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



Burbank, CA

Thu Feb 20 2020
This week the median list price for Burbank, CA is $939,000 with the market action index hovering around 62. This is less than last month's market action index of 64. Inventory has held steady at or around 40. 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

Thu Feb 20 2020
This week the median list price for Burbank, CA is $939,000 with the market action index hovering around 62. This is less than last month's market action index of 64. Inventory has held steady at or around 40. 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 $939,000
Per Square Foot $586
Days on Market 58
Price Decreased 28%
Price Increased 13%
Relisted 20%
Inventory 40
Median Rent $3,300
Most Expensive $1,999,000
Least Expensive $560,000
Market Action 62
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$1,437,000 2,763 8,000 - 10,000 sqft 4 3 58 2 1 62
$1,024,499 1,519 6,500 - 8,000 sqft 3 2 82 2 0 66
$869,484 1,520 4,500 - 6,500 sqft 3 2 75 4 2 51
$739,000 1,175 4,500 - 6,500 sqft 3 1 74 4 2 52