Local Market Report

Burbank, CA

Single-Family Homes



Burbank, CA

Sat Feb 27 2021
This week the median list price for Burbank, CA is $998,000 with the market action index hovering around 76. This is less than last month's market action index of 78. Inventory has held steady at or around 43. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Burbank, CA

Sat Feb 27 2021
This week the median list price for Burbank, CA is $998,000 with the market action index hovering around 76. This is less than last month's market action index of 78. Inventory has held steady at or around 43. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Burbank market.
Median List Price $998,000
Per Square Foot $700
Days on Market 14
Price Decreased 12%
Price Increased 7%
Relisted 5%
Inventory 43
Median Rent $3,650
Most Expensive $4,995,000
Least Expensive $295,000
Market Action 76
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,599,500 2,397 6,500 - 8,000 sqft 4 3 80 4 1 21
$1,229,000 1,865 6,500 - 8,000 sqft 3 3 83 5 4 7
$950,000 1,300 6,500 - 8,000 sqft 3 2 81 1 2 14
$865,000 1,219 4,500 - 6,500 sqft 2 1 80 3 1 7