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BURLINGTON Real Estate Market Trends: Week of October 26th, 2015

By
Real Estate Agent with LAER Realty Partners
BURLINGTON Real Estate Market Trends:
 Week of October 26th, 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 26th, 2015. (Source: AltosResearch).

Week of October 26th, 2015 Single Family Homes Condo/Townhouse
Median List Price $634,900 $490,000
Average List Price $663,364 $503,560
Average Days on Market 65 28
No. of Homes On Market 44 5
Median House Size 2,726 sq ft. 1,800 sq ft.
Market Action Index

42.9 -  Seller's Advantage

44.4 -  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 $634,900. The 44 properties have been on the market for an average of 65 days. Average price per square feet is $269. 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 $490,000. The 5 properties have been on the market for an average of 28 days. Average price per square feet is $266. The most expensive condo  listing is at $599,000 and the least at $439,000.

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

Comments (9)

Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Great market in Burlington for Real Estate.

Nov 14, 2015 01:10 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Both Market Action Indexes for single family and condo in 40s.

Nov 14, 2015 01:11 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Only 5 condos available in market - and only 44 single family homes. Low inventory.

Nov 14, 2015 01:11 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Days on market are also low - 65 for single families and only 28 for condos!

Nov 14, 2015 01:12 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

No wonder why condos come and go in Burlington.

Nov 14, 2015 01:13 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Median list price for condos close to $500K and that for Single family homes is over $630K! 

Nov 14, 2015 01:13 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The same is true for average list price - over $500K for condos and over $660K for single family homes!

Almost $100K up in a year or so.

Nov 14, 2015 01:14 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

And $/sq ft in $260s! One of the highest in nearby towns. (Of course, not comparing this with Lexington.)

Nov 14, 2015 01:15 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Overall, one of the best times to SELL in Burlington.

Nov 14, 2015 01:15 PM