Kapowich Real Estate Silicon Valley Reports

Burlingame, CA

Single-Family Homes

Pat Kapowich | 408.245.7700 | Pat@SiliconValleyBroker.com | Broker's License #00979413



Burlingame, CA

Sun Apr 14 2024
This week the median list price for Burlingame, CA is $3,999,888 with the market action index hovering around 55. This is less than last month's market action index of 60. Inventory has increased to 13. Click here to stay informed with the Burlingame 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.

Burlingame, CA

Sun Apr 14 2024
This week the median list price for Burlingame, CA is $3,999,888 with the market action index hovering around 55. This is less than last month's market action index of 60. Inventory has increased to 13. Click here to stay informed with the Burlingame 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 Burlingame market.
Median List Price $3,999,888
Median Price of New Listings $0
Per Square Foot $1,401
Average Days on Market 106
Median Days on Market 14
Price Decreased 15%
Price Increased 8%
Relisted 8%
Inventory 13
Median Rent
Market Action 55
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$5,800,000 3,975 0.25 - 0.5 acre 4 3.5 1 0 0 35
$4,485,000 2,970 4,500 - 6,500 sqft 4 4.5 15 0 0 14
$3,995,000 3,155 6,500 - 8,000 sqft 4 3.5 74 0 0 168
$2,593,000 2,224 4,500 - 6,500 sqft 2 1.5 100 0 0 14