Is Burlington, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Burlington has remained a Seller's Market.
Housing Prices in Burlington, MA
How much do homes in Burlington, MA cost?
Median Sold Price
$810,000
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Burlington was $810,000 in April 2024, up 9.3% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $295K | $335K | +13.6% |
2 Bedrooms | $639.2K | $715K | +11.8% |
3 Bedrooms | $713.5K | $750K | +5.1% |
4 Bedrooms | $827.5K | $897.5K | +8.5% |
5+ Bedrooms | $1.3M | $1.2M | -7.6% |
Summary: Burlington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
Woburn | $620K | $711.4K | +14.7% |
Burlington | $741K | $810K | +9.3% |
Wilmington | $674.1K | $700K | +3.8% |
Bedford | $920K | $932.5K | +1.4% |
Lexington | $1.4M | $1.5M | +0.6% |
Housing Supply in Burlington, MA
How many homes are available in Burlington, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 52 | +20.9% |
Summary: The Burlington real estate market had 52 homes for sale in April 2024, a 20.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 3 | 0 | -100.0% |
3 Bedrooms | 15 | 19 | +26.7% |
4 Bedrooms | 16 | 20 | +25.0% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Burlington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Burlington in April 2024, up by 13.3% month-over-month. Of the 17 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% were sold over asking.
Days on Market for Burlington, MA
How long does it take to sell a home in Burlington, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 37 Days | +17.1% |
Summary: Homes in Burlington had an average of 37 days on market in Apr 2024, up by 17.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Burlington; 76% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.