Is Burlington, MA 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 February 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, MA

How much do homes in Burlington, MA cost?

Median Sold Price

$800,000

$386/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$50,000(+6.7%)

Key Takeaway

Homes in Burlington have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Burlington was $800,000 in February 2024, up 6.7% from last year, and the median price per square foot was $386.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $295K$277.5K
-5.9%
2 $662K$692.5K
+4.6%
3 $725K$710K
-2.1%
4 $835K$895K
+7.2%
5+ $995K$1.4M
+49.1%

Summary: Burlington housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 4.6%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 49.1%.

Median Sold Price Compared To Nearby Cities

Woburn
+14.4%
Burlington
+6.7%
Lexington
+4.8%
Wilmington
+3.7%
Bedford
-0.5%

Housing Supply in Burlington, MA

How many homes are available in Burlington, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4346+7.0%

Summary: The Burlington real estate market had 46 homes for sale in February 2024, a 7.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 23
+50.0%
3 1515
0.0%
4 1817
-5.6%
5+ 810
+25.0%

Summary: The Burlington housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1118+63.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burlington, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Burlington in February 2024, up by 63.6% month-over-month. Of the 18 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% 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

Feb 2023Feb 2024CHANGE
19 Days42 Days+122.6%

Summary: Homes in Burlington had an average of 42 days on market in Feb 2024, up by 122.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 18 homes were sold in Burlington; 44% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 6% 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 18 Days Ago

Newest Listings in Burlington, MA

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