Burlington Real Estate Statistics

Burlington Real Estate Price Trend
Burlington real estate average sold price in the last 30 days (December 19 - January 17) was $1,024,965, which is $19,045 (1.9%) higher than the average price of $1,005,920 in the previous 30 day period (November 19 - December 18), and $25,819 (2.5%) up from the same period 1 year ago ($999,146). Burlington real estate prices over the last 30 days are also $82,717 (8.1%) lower than the average selling price of $1,107,682 over the past year.
Burlington average sold price for homes was $1,353,182 in the last 30 days (December 19 - January 17), which is $52,339 (3.9%) up from the average home price of $1,300,843 in the previous 30 day period (November 19 - December 18), and $179,654 (13.3%) higher than the same period 1 year ago ($1,173,528). In the last 30 days Burlington the average home price was $41,445 (3.1%) lower than the average selling price of $1,394,627 over the last 12 months.
Average Burlington condo sold price over the last 30 days (December 19 - January 17) was $556,512. During this period it was $6,277 (1.1%) up from the average price of condo of $550,235 during the previous 30 days (November 19 - December 18), and $172,715 (31.0%) lower compared to the same period 1 year ago ($729,227). In the last 30 days Burlington the average condo price was $130,726 (23.5%) lower than the average selling price of $687,238 over the last year.
Average sold price of Burlington townhouse was $794,158 in the last 30 days (December 19 - January 17), down $3,517 (0.4%) from the average townhome price of $797,675 over the previous 30 days (November 19 - December 18), and $75,906 (9.6%) lower than during to the same period 1 year ago ($870,064). Over the last 30 days the average townhouse price in Burlington was $69,860 (8.8%) lower compared to the average selling price of $864,018 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Burlington real estate was $1,024,965 in the last 30 days (December 19 - January 17), which is collectively $29,232 (2.5%) lower than the average asking price of $1,147,519. This represents a decline of $3,176 (12.2%) compared to $26,056 (2.2%) Sold-Under-Asking price from the previous 30 day period (November 19 - December 18).
The maximum Sold Over/Under Asking ratio in Burlington during the last 12 months was recorded in March, 2024 with an average of $3,301 under the asking price, while the minimum occurring in June, 2024 with $36,893 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Burlington was 80.3% with 155 properties sold and 231 new properties listed in the past 30 days (December 19 - January 17). This represents a decrease from 118.2% recorded during the previous 30 day period (November 19 - December 18), and a decrease from 87.3% compared to the same period one year ago.
Over the the last year the highest SNLR in Burlington was 220.8% recorded in December and the lowest was in September at 47.8%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 155 properties that were successfully sold in Burlington in the last 30 days (December 19 - January 17) was 33 days, which is 0 days more than 33 days average in the previous 30 day period (November 19 - December 18) and 13 days shorter than during the same period a year ago (46 days).
There were 229 delisted properties in Burlington, those that got either Expired, Suspended or Terminated over the last 30 days (December 19 - January 17) with an average of 77 days on the market. This is 8 days longer than the average of 69 days during the previous 30 day period (November 19 - December 18) and 4 days less compared to the same period last year average of 81 days on the market.
229 Burlington properties that didn't sell stayed on the market 133.3% longer than 155 that sucessfully sold over the last 30 days - 33 days when sold vs 77 days when delisted respectively.
Average Days on the Market in Burlington over the past 12 months for properties that have sold was 24.7 days, with 57.4 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
193 new properties were listed on the market in Burlington in the last 30 days (December 19 - January 17). During the same time 155 properties were sold and 229 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 191 properties (or 99.0%).
During the previous 30 day period (November 19 - December 18) there were 231 new properties listed, 273 sold and 279 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was April with 466 new properties listed, the slowest - December with 120 new listings and a yearly average of 365 new listings per month.
New Real Estate Listings by Property Type
There were a total of 93 homes listed during the last 30 days (December 19 - January 17), which is 48.2% of all properties listed in Burlington. This is a 21.2% decline compared with a previous 30 day period (November 19 - December 18) and 60.3% up from the same period a year ago. Over the past year an average of 190 homes are were listed per month.
62 condo units were listed in the last 30 days (December 19 - January 17) in Burlington, which represents 32.1% of all new listings. This is up 6.9% from the prior 30 day period (November 19 - December 18) and 40.9% more compared to the same period last year. There were 99 condos listed per month on average during the last 12 months.
38 townhomes were listed over the last 30 days (December 19 - January 17) in Burlington, which is 19.7% of all new real estate inventory. This is a 30.9% less than during the previous 30 day period (November 19 - December 18) and 58.3% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 76 a month.
Real Estate Sales by Property Type
There were a total of 81 homes sold during the last 30 days (December 19 - January 17), which is 52.3% of all properties sold in Burlington. This is a 43.0% decline compared with a previous 30 day period (November 19 - December 18) and 42.1% up from the same period a year ago. Over the past year an average of 141 homes are were sold per month.
40 condo units were sold in the last 30 days (December 19 - January 17) in Burlington, which represents 25.8% of all sold properties. This is down 32.2% from the prior 30 day period (November 19 - December 18) and 81.8% more compared to the same period last year. There were 57 condos sold per month on average during the last 12 months.
34 townhomes were sold over the last 30 days (December 19 - January 17) in Burlington, which is 21.9% of all sold real estate. This is a 52.8% less than during the previous 30 day period (November 19 - December 18) and 9.7% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 66 a month.
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