Altos Market Data for Realtors

Burbank, IL

Single-Family Homes

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Burbank, IL

Tue Sep 21 2021
This week the median list price for Burbank, IL is $286,500 with the market action index hovering around 50. This is about the same as last month's market action index of 50. 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

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, IL

Tue Sep 21 2021
This week the median list price for Burbank, IL is $286,500 with the market action index hovering around 50. This is about the same as last month's market action index of 50. 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

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 $286,500
Median Price of New Listings $284,000
Per Square Foot $182
Average Days on Market 91
Median Days on Market 63
Price Decreased 48%
Price Increased 0%
Relisted 17%
Inventory 48
Median Rent $3,350
Market Action 50
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
$376,950 2,242 0.25 - 0.5 acre 4 2 46 0 1 70
$299,450 1,548 0.25 - 0.5 acre 4 2 63 3 4 38
$247,450 1,350 0 - 4,500 sqft 3 2 62 1 3 56
$219,950 1,157 0 - 4,500 sqft 3 1 62 3 4 59