Local Market Report

Burbank, CA

Single-Family Homes



Burbank, CA

Thu Sep 16 2021
This week the median list price for Burbank, CA is $1,100,000 with the market action index hovering around 67. This is less than last month's market action index of 69. Inventory has increased to 80. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.

Burbank, CA

Thu Sep 16 2021
This week the median list price for Burbank, CA is $1,100,000 with the market action index hovering around 67. This is less than last month's market action index of 69. Inventory has increased to 80. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Never miss important changes in the Burbank market.
Median List Price $1,100,000
Median Price of New Listings $1,424,000
Per Square Foot $745
Average Days on Market 48
Median Days on Market 28
Price Decreased 26%
Price Increased 9%
Relisted 10%
Inventory 80
Median Rent $4,245
Market Action 67
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$1,960,000 2,676 6,500 - 8,000 sqft 4 3 71 4 4 49
$1,267,500 1,758 6,500 - 8,000 sqft 3 2 80 3 5 21
$1,000,000 1,409 6,500 - 8,000 sqft 3 2 79 3 6 21
$862,750 1,112 6,500 - 8,000 sqft 2 1 80 2 1 56