Comparable single-family homes in Burbank are closing in a median of 13 days, and the typical sale is landing slightly above the final asking price.
Burbank moved quickly over the last 90 days. Among comparable mid-sized single-family homes, the median sale price came in at $1,201,000, and those homes closed in a median of 13 days. The median sale-to-list ratio was 100.7%, so the typical home sold for a touch more than its final asking price.
Pricing held firm on a per-foot basis. Closed comparable homes traded at a median of $802 per square foot. On the supply side, 99 residential listings are active in Burbank right now, asking a median of $1,353,990, a figure pulled higher by the larger luxury homes in the current inventory.
For sellers, the read is simple. Well-presented homes in the core price band are clearing fast and at full price, so accurate pricing out of the gate is converting into quick, clean sales. For buyers, the speed is real. The strongest listings, like the four-bedroom that closed at $2,050,000 on Fairview Street, do not sit. Come prepared.
| Address | Sale Price | Specs |
|---|---|---|
| 730 Fairview St | $2.05M | 4 bd / 3 ba |
| 724 Fairview St | $1.92M | 4 bd / 3 ba |
| 749 Stanford Rd | $1.90M | 4 bd / 3 ba |
| 831 Walnut Ave | $1.81M | 3 bd / 2 ba |
| 523 Lamer St | $1.75M | 4 bd / 3 ba |