Tue Sep 28 2021
This week the median list price for Burlingame, CA 94010 is $2,995,000 with the market action index hovering around 67. This is less than last month's market action index of 70. Inventory has held steady at or around 19.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$2,995,000|
|Median Price of New Listings||$3,237,500|
|Per Square Foot||$1,276|
|Average Days on Market||43|
|Median Days on Market||28|
|Strong Seller's Market|
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$5,137,500||4,391||0.25 - 0.5 acre||5||6||35||0||0||84|
|$3,895,000||2,850||4,500 - 6,500 sqft||4||4||68||3||1||0|
|$2,880,000||2,060||4,500 - 6,500 sqft||3||3||96||1||1||70|
|$1,880,000||1,550||4,500 - 6,500 sqft||3||2||81||2||0||14|