Is Burlington, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$820,000
$401/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Burlington was $820,000 in June 2024, up 9.5% from last year, and the median price per square foot was $401.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227.5K | $347.7K | +52.8% |
2 Bedrooms | $636.8K | $735.5K | +15.5% |
3 Bedrooms | $710K | $770K | +8.5% |
4 Bedrooms | $840K | $925K | +10.1% |
5+ Bedrooms | $1.4M | $1.2M | -9.3% |
Summary: Burlington housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.8%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
Woburn | $633.2K | $730K | +15.3% |
Burlington | $749K | $820K | +9.5% |
Wilmington | $662.4K | $710K | +7.2% |
Lexington | $1.4M | $1.5M | +5.3% |
Bedford | $922.5K | $920K | -0.3% |
Housing Supply in Burlington, MA
How many homes are available in Burlington, MA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
60 | 54 | -10.0% |
Summary: The Burlington real estate market had 54 homes for sale in June 2024, a 10.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 22 | 17 | -22.7% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Burlington housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Burlington in June 2024, the same as the previous month. Of the 15 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
22 Days | 20 Days | -7.3% |
Summary: Homes in Burlington had an average of 20 days on market in Jun 2024, down by 7.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 15 homes were sold in Burlington; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.