Is Burbank, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Burbank is a seller's market


Difference Since November 2022

Since last year, Burbank has remained a Seller's Market.

Key Takeaway

Burbank is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Burbank, CA

How much do homes in Burbank, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Burbank have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in Burbank was $1,100,300 in November 2023, down 4.2% from last year, and the median price per square foot was $738.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $589K$572K
2 $855K$840K
3 $1.2M$1.2M
4 $1.5M$1.4M
5+ $1.7M$1.9M

Summary: Burbank housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Cities

La Crescenta
San Fernando Valley
Los Angeles

Housing Supply in Burbank, CA

How many homes are available in Burbank, CA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Burbank real estate market had 144 homes for sale in November 2023, a 11.7% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 44
2 4737
3 7063
4 2828
5+ 1412

Summary: The Burbank housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burbank, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 36 homes were sold or pending in Burbank in November 2023, down by 33.3% month-over-month. Of the 36 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.

Days on Market for Burbank, CA

How long does it take to sell a home in Burbank, CA?

Average Sale Time

Nov 2022Nov 2023CHANGE
28 Days23 Days-19.8%

Summary: Homes in Burbank had an average of 23 days on market in Nov 2023, down by 19.8% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Burbank are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 36 homes were sold in Burbank; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Burbank, CA

Nearby Markets to Burbank, CA

What housing markets are near Burbank, CA?