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BURLINGTON Real Estate Market Trends: Week of October 5th, 2015

By
Real Estate Agent with LAER Realty Partners
BURLINGTON Real Estate Market Trends:
 Week of October 5th, 2015

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Here is a snapshot of real estate market for single family homes and condo/townhouses in BURLINGTON, MA for the week of October 5th, 2015. (Source: AltosResearch).

Week of October 5th, 2015 Single Family Homes Condo/Townhouse
Median List Price $589,900 $460,000
Average List Price $665,955 $406,414
Average Days on Market 62 27
No. of Homes On Market 47 7
Median House Size 2,700 sq ft. 1,337 sq ft.
Market Action Index

41.5 -  Seller's Advantage

34.3 -  Seller's Advantage

Data provided by ©2005-2014 Altos Research LLC.

The median list price in BURLINGTON, MA for single family homes this week is $589,900. The 47 properties have been on the market for an average of 62 days. Average price per square feet is $268.

The median list price in BURLINGTON, MA for condo/townhouse this week is $460.000. The 7 properties have been on the market for an average of 27 days. Average price per square feet is $364.

SEARCH ALL AVAILABLE BURLINGTON HOMES FOR SALE, LIKE I DO!

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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Great market report! I am sure that buyers and sellers both will appreciate all this useful information. 

Oct 18, 2015 10:30 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Great market in Burlington - for both Condos and Single Family Homes.

Oct 29, 2015 02:32 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Inventory is very low for condos - and not so much for single family homes either.

Oct 29, 2015 02:32 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median list price for condo is pretty high - $460K. That for single family is close to $600K. Good for Burlington.

Oct 29, 2015 02:33 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Days on market for single family homes is just over two months and for condos - wow, under one month!

Oct 29, 2015 02:33 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall, great sellers market - for condos as well as single family homes.

Oct 29, 2015 02:34 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Forgot to mention about Average List Price - much higher for Single Family Homes - at $665K. Condos are just around $400K.

Oct 29, 2015 02:35 PM