Mike Bohnert | The Bohnert Group

Burlingame, CA 94010

Single-Family Homes

DRE #01325031



Burlingame, CA 94010

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. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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 94010

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. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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 $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
Price Decreased 11%
Price Increased 11%
Relisted 11%
Inventory 19
Median Rent $4,995
Market Action 67
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.

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
$5,137,500 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