Local Market Report

Burbank, CA

Single-Family Homes



Burbank, CA

Tue Sep 27 2022
This week the median list price for Burbank, CA is $1,199,000 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has decreased to 82. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Burbank, CA

Tue Sep 27 2022
This week the median list price for Burbank, CA is $1,199,000 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has decreased to 82. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Burbank market.
Median List Price $1,199,000
Median Price of New Listings $1,175,000
Per Square Foot $789
Average Days on Market 61
Median Days on Market 35
Price Decreased 38%
Price Increased 4%
Relisted 9%
Inventory 82
Median Rent
Market Action 49
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
$1,899,997 2,417 8,000 - 10,000 sqft 4 3 65 3 5 31
$1,299,900 1,715 6,500 - 8,000 sqft 3 2 81 4 4 45
$1,129,000 1,489 6,500 - 8,000 sqft 3 2 81 5 4 28
$899,999 1,071 6,500 - 8,000 sqft 2 1 81 5 5 35