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BURLINGTON Real Estate Market Trends: Week of February 22nd, 2016

By
Real Estate Agent with LAER Realty Partners
BURLINGTON Real Estate Market Trends:
 Week of February 22nd, 2016

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 February 22nd, 2016. (Source: AltosResearch).
Week of February 22nd, 2016 Single Family Homes Condo/Townhouse
Median List Price $828,900 $502,500
Average List Price $785,774 $502,500
Average Days on Market 121 74
No. of Homes On Market 35 2
Median House Size 3,100 sq ft. 1,668 sq ft.
Market Action Index

28.6-  Buyer'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 $828,900. The 35 properties have been on the market for an average of 121 days. Average price per square feet is $274. The most expensive single family listing is at $1,200,000 and the least at $369,900. The median list price in BURLINGTON, MA for condo/townhouse this week is $502,500. The 2 properties have been on the market for an average of 74 days. Average price per square feet is $312. The most expensive condo  listing is at $505,000 and the least at $500,000.

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

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

Great Burlington Market with prices going up up and up.

Apr 09, 2016 09:22 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median List Price of over $825K - just too high this market is.

Apr 09, 2016 09:35 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Days on market for single family homes is about 120 - too high for sure.

Apr 09, 2016 09:40 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Days on market for condos is about 75 - just where it should be.

Apr 09, 2016 09:41 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median list price for condos is over $500K - wow! Burlington rocks!

Apr 09, 2016 09:41 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average list price is also in the same range - that's great for Burlington.

Apr 09, 2016 09:41 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

With just 2 condos on market, there is a shortage of inventory here.

Apr 09, 2016 09:42 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

With just 35 single family homes on market, there is a shortage of inventory here.

Apr 09, 2016 09:42 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

market Action index is 28.6 for single family homes - buyers' market?

Apr 09, 2016 09:44 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

That for condos is almost double - hot sellers market for sure - for condos.

Apr 09, 2016 09:44 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average list price is just below $800K - whixch is still high.

Apr 09, 2016 09:46 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

That for condo average list price is at $500K - very good price for sure.

Apr 09, 2016 09:46 AM
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 $274/sq ft.

Mar 08, 2017 09:55 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 $1.2M.

Mar 08, 2017 09:56 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 $370K.

Mar 08, 2017 09:56 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average price for condo or townhomes in Burlington this week is $312/sq ft.

Mar 08, 2017 09:56 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 $505K.

Mar 08, 2017 09:57 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 $500K.

Mar 08, 2017 09:57 PM