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BURLINGTON Real Estate Market Trends: Week of November 23rd, 2015

By
Real Estate Agent with LAER Realty Partners
BURLINGTON Real Estate Market Trends:
 Week of November 23rd, 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 November 23rd, 2015. (Source: AltosResearch).
Week of November 23rd, 2015 Single Family Homes Condo/Townhouse
Median List Price $731,950 $475,000
Average List Price $699,683 $410,760
Average Days on Market 74 38
No. of Homes On Market 42 5
Median House Size 2,929 sq ft. 1,337 sq ft.
Market Action Index

42.0 -  Seller's Advantage

53.7 - Strong Seller's

Data provided by ©2005-2014 Altos Research LLC.

The median list price in BURLINGTON, MA for single family homes this week is $731,950. The 42 properties have been on the market for an average of 74 days. Average price per square feet is $268. The most expensive single family listing is at $997,500 and the least at $369,900. The median list price in BURLINGTON, MA for condo/townhouse this week is $475,000. The 5 properties have been on the market for an average of 38 days. Average price per square feet is $351. The most expensive condo  listing is at $490,000 and the least at $179,900.

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

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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

God morning Praful. Seems like the market is tight and favoring sellers! Enjoy your day!

Dec 05, 2015 07:51 PM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

HI Praful,  This is a great market report, the graphics make it easy to understand.

Dec 05, 2015 08:13 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Praful, great overview of the real estate market in Burlington, and looks very healthy!

Dec 05, 2015 10:23 PM
Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great Market Report.

Thanks for the information on the local community sales!

Dec 06, 2015 07:45 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks all for stopping by and your comments.

Dec 11, 2015 02:31 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Yes Wayne Martin - tight market in Burlington. Sellers are having great time.

Dec 11, 2015 02:31 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Like you, I love infographics in this report, Sybil.

Dec 11, 2015 02:32 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

It is very healthy, Joan.

Dec 11, 2015 02:32 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Bob, hope this helps consumers.

Dec 11, 2015 02:32 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall, condo market is much stonger than that of single family homes in Burlington.

Dec 11, 2015 02:33 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Even $/sq ft seems exotic at $351/sq ft. Looks like something suspicious.

Dec 11, 2015 02:34 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

With just 5 condos and 42 single family homes on market, it is hot sellers market.

Dec 11, 2015 02:34 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Condos stay on market for little less than 40 days and single family homes at 75 days! Homes are selling fast.

Dec 11, 2015 02:35 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average list price is close to $700K for single family homes and over $410K for condos!

Dec 11, 2015 02:36 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median list price at $730K about for single family homes and about $475K for condos - that shows how prices have gone up in Burlington.

Dec 11, 2015 02:37 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Condo market index over 50 - that's strong seller's market.

That's still seller's advantage for single family homes with market action index above 40.

Dec 11, 2015 02:37 PM