Is Burlington, MA 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, 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
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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 March 2024, up 6.7% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $277.5K | -5.9% |
| 2 Bedrooms | $660K | $710K | +7.6% |
| 3 Bedrooms | $725K | $716K | -1.2% |
| 4 Bedrooms | $835K | $880K | +5.4% |
| 5+ Bedrooms | $1.1M | $1.3M | +10.8% |
Summary: Burlington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Woburn | $621.5K | $716.9K | +15.4% |
| Burlington | $750K | $800K | +6.7% |
| Lexington | $1.4M | $1.5M | +3.6% |
| Wilmington | $677K | $700K | +3.4% |
| Bedford | $903K | $930K | +3.0% |
Housing Supply in Burlington, MA
How many homes are available in Burlington, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 39 | -20.4% |
Summary: The Burlington real estate market had 39 homes for sale in March 2024, a 20.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 11 | 7 | -36.4% |
Summary: The Burlington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 36.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burlington, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Burlington in March 2024, down by 21.1% month-over-month. Of the 15 sold homes, 47% were sold under asking, 7% were sold at asking, and 47% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 31 Days | -24.3% |
Summary: Homes in Burlington had an average of 31 days on market in Mar 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burlington are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Burlington; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
