Justin Tye

Burbank, CA

Single-Family Homes

Active Realty I REAL



Burbank, CA

Fri May 24 2024
This week the median list price for Burbank, CA is $1,400,000 with the market action index hovering around 60. This is an increase over last month's market action index of 55. Inventory has decreased to 48. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Burbank, CA

Fri May 24 2024
This week the median list price for Burbank, CA is $1,400,000 with the market action index hovering around 60. This is an increase over last month's market action index of 55. Inventory has decreased to 48. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Burbank market.
Median List Price $1,400,000
Median Price of New Listings $1,374,000
Per Square Foot $821
Average Days on Market 63
Median Days on Market 18
Price Decreased 23%
Price Increased 0%
Relisted 13%
Inventory 48
Median Rent
Market Action 60
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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
$1,949,999 3,074 6,500 - 8,000 sqft 4 4 40 1 1 63
$1,587,000 1,823 6,500 - 8,000 sqft 3 2.5 79 5 1 7
$1,344,500 1,625 6,500 - 8,000 sqft 3 2 82 4 3 24
$996,500 1,171 4,500 - 6,500 sqft 3 1 76 4 3 10