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BURLINGTON Real Estate Market Trends: Week of October 19th, 2015

By
Real Estate Agent with LAER Realty Partners
BURLINGTON Real Estate Market Trends:
 Week of October 19th, 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 19th, 2015. (Source: AltosResearch).

Week of October 19th, 2015 Single Family Homes Condo/Townhouse
Median List Price $622,900 $454,450
Average List Price $670,120 $399,450
Average Days on Market 67 20
No. of Homes On Market 44 6
Median House Size 2,801 sq ft. 1,483 sq ft.
Market Action Index

42.5 -  Seller's Advantage

38.1 -  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 $622,900. The 44 properties have been on the market for an average of 67 days. Average price per square feet is $269. The most expensive single family listing is at $1,125,000 and the least at $355,900.

The median list price in BURLINGTON, MA for condo/townhouse this week is $454,450. The 6 properties have been on the market for an average of 20 days. Average price per square feet is $256. The most expensive condo  listing is at $599,000 and the least at $179,000.

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

Praful Thakkar - Looks like Burlington is busy! Thanks for keeping us up to date on your market. I love seeing what is going on around the country. 

Nov 01, 2015 07:49 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks, Lise for kind words. Yes, Burlington is very busy.

Nov 23, 2015 03:12 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Though not as much busy as it was in spring and summer.

Nov 23, 2015 03:13 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Market Action Index for both condo and single family homes are close to 40 - seller's advantage for sure - though not strong seller's market.

Nov 23, 2015 03:13 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

It's difficult to guage condo market with just 6 homes on market. Compare that with more than 40 for single family homes.

Nov 23, 2015 03:14 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Though condos do sell almost instantaneously - in about 20 days, they are under agreement.

Nov 23, 2015 03:14 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

That is so true for single family homes, too - though the days on market are little over 2 months.

Nov 23, 2015 03:15 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median list price for condos is over $450K! Pretty cool, huh?

Nov 23, 2015 03:15 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median list price and average list price for single family homes over $600K shows the upward trend - though the market is cooled down a bit.

Nov 23, 2015 03:16 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Specially, average list price for condo is less than $400K!

Nov 23, 2015 03:16 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Both of them are neck-to-nect when it comes to $/sq ft! Hardly any difference in the price for each of them.

Nov 23, 2015 03:17 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall, steady and stabilized real estate market for Burlington.

Nov 23, 2015 03:17 PM