Is Burlingame, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Burlingame has remained a Seller's Market.
Housing Prices in Burlingame, CA
How much do homes in Burlingame, CA cost?
Median Sold Price
$2,401,000
$1,283/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Burlingame was $2,401,000 in April 2024, down 6% from last year, and the median price per square foot was $1,283.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $820K | $698.5K | -14.8% |
2 Bedrooms | $1.5M | $1.4M | -6.7% |
3 Bedrooms | $2.5M | $2.3M | -7.2% |
4 Bedrooms | $3.4M | $3.1M | -6.9% |
5+ Bedrooms | $3.9M | $4.0M | +5.1% |
Summary: Burlingame housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.8%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Millbrae | $1.8M | $1.9M | +2.7% |
San Mateo | $1.4M | $1.5M | +1.9% |
Burlingame | $2.5M | $2.4M | -6.0% |
Hillsborough | $5.6M | $4.7M | -15.9% |
Housing Supply in Burlingame, CA
How many homes are available in Burlingame, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 56 | +27.3% |
Summary: The Burlingame real estate market had 56 homes for sale in April 2024, a 27.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 17 | 23 | +35.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Burlingame housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 16 | -5.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Burlingame in April 2024, down by 5.9% month-over-month. Of the 15 sold homes, 27% were sold under asking, 7% were sold at asking, and 67% were sold over asking.
Days on Market for Burlingame, CA
How long does it take to sell a home in Burlingame, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 15 Days | -44.3% |
Summary: Homes in Burlingame had an average of 15 days on market in Apr 2024, down by 44.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Burlingame; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.