Is Burlington, WA 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, Burlington has remained a Seller's Market.
Housing Prices in Burlington, WA
How much do homes in Burlington, WA cost?
Median Sold Price
$522,500
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Burlington was $522,500 in April 2024, up 14.8% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335K | $460K | +37.3% |
2 Bedrooms | $387.5K | $425K | +9.7% |
3 Bedrooms | $489.9K | $544K | +11.0% |
4 Bedrooms | $599.2K | $607.7K | +1.4% |
5+ Bedrooms | $543.7K | $637.5K | +17.2% |
Summary: Burlington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
Burlington | $455K | $522.5K | +14.8% |
Mount Vernon | $505K | $559.6K | +10.8% |
Housing Supply in Burlington, WA
How many homes are available in Burlington, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 41 | +32.3% |
Summary: The Burlington real estate market had 41 homes for sale in April 2024, a 32.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Burlington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Burlington in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 8 Days | -78.9% |
Summary: Homes in Burlington had an average of 8 days on market in Apr 2024, down by 78.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Burlington; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.