Is Burlington, WA 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.
Housing Prices in Burlington, WA
How much do homes in Burlington, WA cost?
Median Sold Price
$513,500
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Burlington was $513,500 in March 2024, up 12% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $435K | +31.8% |
2 Bedrooms | $390K | $405K | +3.8% |
3 Bedrooms | $500K | $543K | +8.6% |
4 Bedrooms | $599K | $588K | -1.8% |
5+ Bedrooms | $580K | $625K | +7.8% |
Summary: Burlington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.8%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
Burlington | $458.5K | $513.5K | +12.0% |
Mount Vernon | $510K | $553K | +8.4% |
Housing Supply in Burlington, WA
How many homes are available in Burlington, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 29 | +26.1% |
Summary: The Burlington real estate market had 29 homes for sale in March 2024, a 26.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 11 | 17 | +54.5% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Burlington 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 decreased by 16.7%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Burlington in March 2024, up by 100.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Burlington, WA
How long does it take to sell a home in Burlington, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 41 Days | -40.2% |
Summary: Homes in Burlington had an average of 41 days on market in Mar 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Burlington; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.