Altos Market Data for Realtors

Burbank, IL

Single-Family Homes

Schedule a demo today at AltosResearch.com



Burbank, IL

Tue May 30 2023
This week the median list price for Burbank, IL is $359,900 with the market action index hovering around 76. This is an increase over last month's market action index of 71. Inventory has decreased to 15. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Burbank, IL

Tue May 30 2023
This week the median list price for Burbank, IL is $359,900 with the market action index hovering around 76. This is an increase over last month's market action index of 71. Inventory has decreased to 15. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Burbank market.
Median List Price $359,900
Median Price of New Listings $279,900
Per Square Foot $207
Average Days on Market 86
Median Days on Market 49
Price Decreased 20%
Price Increased 7%
Relisted 20%
Inventory 15
Median Rent
Market Action 76
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$590,000 2,724 6,500 - 8,000 sqft 5 3.5 26 1 0 77
$484,900 2,395 0.25 - 0.5 acre 4 2.5 43 0 2 38
$344,750 1,500 0.25 - 0.5 acre 3 2 64 1 2 21
$253,700 1,042 0 - 4,500 sqft 3 1 65 3 3 87