Is Burlingame, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Burlingame has remained a Seller's Market.
Housing Prices in Burlingame, CA
How much do homes in Burlingame, CA cost?
Median Sold Price
$2,401,000
$1,296/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Burlingame was $2,401,000 in March 2024, down 7.7% from last year, and the median price per square foot was $1,296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $900K | $695K | -22.8% |
2 Bedrooms | $1.5M | $1.4M | -2.8% |
3 Bedrooms | $2.6M | $2.3M | -10.7% |
4 Bedrooms | $3.4M | $3.2M | -6.1% |
5+ Bedrooms | $3.9M | $4.0M | +5.1% |
Summary: Burlingame housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.8%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
San Mateo | $1.4M | $1.5M | 0.2% |
Millbrae | $1.8M | $1.8M | -0.8% |
Burlingame | $2.6M | $2.4M | -7.7% |
Hillsborough | $5.8M | $4.8M | -17.4% |
Housing Supply in Burlingame, CA
How many homes are available in Burlingame, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 44 | +57.1% |
Summary: The Burlingame real estate market had 44 homes for sale in March 2024, a 57.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 6 | 11 | +83.3% |
4 Bedrooms | 10 | 18 | +80.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Burlingame housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 19 | +280.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Burlingame in March 2024, up by 280.0% month-over-month. Of the 18 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% were sold over asking.
Days on Market for Burlingame, CA
How long does it take to sell a home in Burlingame, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 11 Days | -68.8% |
Summary: Homes in Burlingame had an average of 11 days on market in Mar 2024, down by 68.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Burlingame; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.