Altos Research

Burke, VA

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



Burke, VA

Sun Jun 16 2019
This week the median list price for Burke, VA is $677,495 with the market action index hovering around 74. This is less than last month's market action index of 81. Inventory has held steady at or around 26. Click here to stay informed with the Burke market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Burke, VA

Sun Jun 16 2019
This week the median list price for Burke, VA is $677,495 with the market action index hovering around 74. This is less than last month's market action index of 81. Inventory has held steady at or around 26. Click here to stay informed with the Burke market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Burke market.
Median List Price $677,495
Per Square Foot $240
Days on Market 60
Price Decreased 54%
Price Increased 0%
Relisted 12%
Inventory 26
Median House Rent $2,475
Most Expensive $1,899,900
Least Expensive $420,000
Market Action Index
Strong Seller's Market
74

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
$1,024,000 4,781 0.5 - 1 acre 5 5 18 0 0 144
$744,450 3,275 0.25 - 0.5 acre 4 3 33 1 2 30
$644,500 2,608 0.25 - 0.5 acre 4 3 41 4 1 20
$540,000 1,696 6,500 - 8,000 sqft 4 3 42 1 1 53