Is Burlington, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burlington is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Burlington, CT

How much do homes in Burlington, CT cost?

Median Sold Price

$480,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$19,950(-4.0%)

Key Takeaway

Homes in Burlington have sold for 4% less than they did a year ago.

Summary: The median home sold price in Burlington was $480,000 in September 2024, down 4% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $195K$150K
-23.1%
2 $225.5K$341K
+51.2%
3 $422.5K$422.5K
0.0%
4 $617.5K$685K
+10.9%
5+ $750K$750K
0.0%

Summary: Burlington housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes increased by 51.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Unionville
+17.7%
New Hartford
+17.6%
Canton
+15.3%
Avon
+11.1%
Burlington
-4.0%

Housing Supply in Burlington, CT

How many homes are available in Burlington, CT?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
29290.0%

Summary: The Burlington real estate market had 29 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 21
-50.0%
3 910
+11.1%
4 1415
+7.1%
5+ 33
0.0%

Summary: The Burlington housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
137-46.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burlington, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Burlington in September 2024, down by 46.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.

Days on Market for Burlington, CT

We’re sorry, we don't have information for this market at the moment

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

Report Updated 30 Days Ago

Newest Listings in Burlington, CT

Nearby Markets to Burlington, CT

What housing markets are near Burlington, CT?