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BURLINGTON Real Estate Market Trends: Week of December 14th, 2015

By
Real Estate Agent with LAER Realty Partners
BURLINGTON Real Estate Market Trends:
 Week of December 14th, 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 December 14th, 2015. (Source: AltosResearch).
Week of December 14th, 2015 Single Family Homes Condo/Townhouse
Median List Price $799,400 $475,000
Average List Price $729,020 $410,760
Average Days on Market 85 59
No. of Homes On Market 40 5
Median House Size 3,070 sq ft. 1,337 sq ft.
Market Action Index

38.4 -  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 $799,400. The 40 properties have been on the market for an average of 85 days. Average price per square feet is $266. The most expensive single family listing is at $1,595,000 and the least at $265,000. 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 59 days. Average price per square feet is $351. The most expensive condo  listing is at $490,000 and the least at $179,900.

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Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Condos are also racing up to almost $500K of median price - and average list price for condos is at $410K.

Jan 07, 2016 03:15 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

For single family homes, low inventory of about 40 homes has 85 days on market. 

Jan 07, 2016 03:15 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And only 5 condos on market - selling in under two months average.

Jan 07, 2016 03:16 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Condo market action index is close to 60 - strong seller's market.

Jan 07, 2016 03:16 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The same for single family homes is just a bit lower than 40  - still seller's advantage.

Jan 07, 2016 03:17 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Surprisingly, condos are at $351/sq ft - little too high, I guess - compared to single family homes at $266/sq ft.

Jan 07, 2016 03:17 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Ovrall, at average list price of above $720K for single family homes, it's a great seller's market.

Jan 07, 2016 03:18 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The Median List Price of the Single Family Homes this week in Burlington is $799K

Mar 24, 2017 10:18 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median List Price of the Condo or townhomes this week in Burlington is $475K.

Mar 24, 2017 10:19 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The average List Price of the single Family Homes this week in Burlington is $729K.

Mar 24, 2017 10:19 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average List Price of condo or townhomes this week in Burlington is $411K.

Mar 24, 2017 10:19 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The median home size of the single family home is 3,070 sq ft in Burlington this week.

Mar 24, 2017 10:19 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The median home size of the condo or townhome is 2,037 sq ft in Burlington this week.

Mar 24, 2017 10:20 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The most expensive single family home listing in Burlington this week is at $1.595M.

Mar 24, 2017 10:20 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The least expensive single family home listing in Burlington this week is at $265K.

Mar 24, 2017 10:20 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The most expensive condo or townhome listing in Burlington this week is at $490K.

Mar 24, 2017 10:21 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The least expensive condo or townhome listing in Burlington this week is at $180K.

Mar 24, 2017 10:21 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The average price for the single family homes in Burlington this week is $266/sq ft.

Mar 24, 2017 10:21 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average price for condo or townhomes in Burlington this week is $351/sq ft.

Mar 24, 2017 10:21 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The price per square feet is unusually high - thanks to low inventory where it is difficult to get the real picture.

Mar 24, 2017 10:22 PM