Altos Market Data for Realtors

Burke, VA

Single-Family Homes

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Burke, VA

Tue Aug 11 2020
This week the median list price for Burke, VA is $524,990 with the market action index hovering around 72. This is about the same as last month's market action index of 72. Inventory has held steady at or around 11. Click here to stay informed with the Burke market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Burke, VA

Tue Aug 11 2020
This week the median list price for Burke, VA is $524,990 with the market action index hovering around 72. This is about the same as last month's market action index of 72. Inventory has held steady at or around 11. Click here to stay informed with the Burke market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Burke market.
Median List Price $524,990
Per Square Foot $332
Days on Market 42
Price Decreased 36%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent $2,800
Most Expensive $1,127,900
Least Expensive $375,000
Market Action 72
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,083,700 6,970 0.25 - 0.5 acre 4 4 11 0 1 126
$649,000 1,628 0.25 - 0.5 acre 4 2 43 0 1 63
$499,970 1,656 0 - 4,500 sqft 4 3 35 3 2 0
$419,900 1,340 0 - 4,500 sqft 3 2 48 1 1 7