Justin Tye

Burbank, CA

Single-Family Homes

Active Realty I REAL



Burbank, CA

Thu Jun 20 2024
This week the median list price for Burbank, CA is $1,250,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has increased to 61. 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

Thu Jun 20 2024
This week the median list price for Burbank, CA is $1,250,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has increased to 61. 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 $1,250,000
Median Price of New Listings $1,349,900
Per Square Foot $812
Average Days on Market 46
Median Days on Market 14
Price Decreased 20%
Price Increased 5%
Relisted 10%
Inventory 61
Median Rent
Market Action 59
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
$2,300,000 3,094 6,500 - 8,000 sqft 4 4 44 5 3 14
$1,465,000 1,804 4,500 - 6,500 sqft 3 2.5 77 4 5 35
$1,150,000 1,268 6,500 - 8,000 sqft 3 2 84 4 0 21
$907,500 1,001 4,500 - 6,500 sqft 2 1 84 4 3 10