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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burlingame is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Burlingame, CA cost?

Median Sold Price

$2,625,000

$1,384/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$145,000(+5.8%)

Key Takeaway

Homes in Burlingame have sold for 5.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $755K$803K
+6.4%
2 $1.3M$1.5M
+11.1%
3 $2.4M$2.7M
+10.3%
4 $3.1M$3.3M
+7.0%
5+ $3.7M$3.8M
+2.9%

Median Sold Price Compared To Nearby Cities

Hillsborough
+16.0%
Burlingame
+5.8%
San Mateo
+2.3%
Millbrae
+1.6%

How many homes are available in Burlingame, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
4540-11.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 10
-100.0%
2 1010
0.0%
3 1211
-8.3%
4 2015
-25.0%
5+ 24
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
1514-6.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burlingame, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
16 Days34 Days+113.6%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Burlingame has remained consistent over time.

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

About Burlingame, CA

Burlingame, CA has 40 homes for sale to choose from. The inventory of homes for sale in Burlingame, CA between October 2022 and November 2022 decreased by 11.1%. Listings spent 34 days on the market in November 2022, and had a median list price of $2,625,000 during the same period. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 6.4%, prices of 2 bedrooms properties went up by 11.1%, prices of 3 bedrooms properties went up by 10.3%, prices of 4 bedrooms properties went up by 7%, prices of 5 bedrooms properties went up by 2.9%. Volume of homes for sale changed: volume of 1 bedroom homes went down by 100%, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes went down by 8.3%, the quantity of 4 bedrooms homes went down by 25%, 5 bedrooms homes became 100% more available. Burlingame, CA housing market in November 2022 saw over 1 listings sold above listed price, more than 2 sold at listed price and over 10 sold below.

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