Mike Bohnert | The Bohnert Group
Burlingame, CA 94010
Single-Family Homes
DRE #01325031
Burlingame, CA 94010
Sat Jan 18 2025
This week the median list price for Burlingame, CA 94010 is $3,595,000 with the market action index hovering around 63. This is about the same as last month's market action index of 63. Inventory has held steady at or around 7.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
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
| Median List Price | $3,595,000 | |
| Median Price of New Listings | $2,595,000 | |
| Per Square Foot | $1,453 | |
| Average Days on Market | 193 | |
| Median Days on Market | 84 | |
| Price Decreased | 29% | |
| Price Increased | 29% | |
| Relisted | 14% | |
| Inventory | 7 | |
| Median Rent | ||
| Market Action | 63 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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 |
|---|---|---|---|---|---|---|---|---|
| $5,628,000 | 5,360 | 0.25 - 0.5 acre | 5 | 4 | 26 | 0 | 0 | 14 |
| $4,242,499 | 2,636 | 4,500 - 6,500 sqft | 4 | 4.5 | 9 | 0 | 0 | 437 |
| $3,095,000 | 2,293 | 6,500 - 8,000 sqft | 3 | 3 | 100 | 1 | 0 | 154 |
| $2,192,500 | 1,920 | 4,500 - 6,500 sqft | 3 | 1.5 | 98 | 0 | 0 | 77 |