Burlington Real Estate Statistics

Burlington real estate average sold price in the last 30 days (March 27 - April 25) was $1,114,586, which is $50,544 (4.5%) higher than the average price of $1,064,042 in the previous 30 day period (February 26 - March 26), and $32,698 (2.9%) up from the same period 1 year ago ($1,081,888). Burlington real estate prices over the last 30 days are also $55,424 (5.0%) higher than the average selling price of $1,059,162 over the past year.

Burlington average sold price for homes was $1,437,817 in the last 30 days (March 27 - April 25), which is $78,733 (5.5%) up from the average home price of $1,359,084 in the previous 30 day period (February 26 - March 26), and $105,327 (7.3%) higher than the same period 1 year ago ($1,332,490). In the last 30 days Burlington the average home price was $122,456 (8.5%) higher than the average selling price of $1,315,361 over the last 12 months.

Average Burlington condo sold price over the last 30 days (March 27 - April 25) was $644,305. During this period it was $10,521 (1.6%) down from the average price of condo of $654,826 during the previous 30 days (February 26 - March 26), and $31,625 (4.9%) higher compared to the same period 1 year ago ($612,680). In the last 30 days Burlington the average condo price was $1,601 (0.2%) lower than the average selling price of $645,906 over the last year.

Average sold price of Burlington townhouse was $880,510 in the last 30 days (March 27 - April 25), up $24,256 (2.8%) from the average townhome price of $856,254 over the previous 30 days (February 26 - March 26), and $23,705 (2.7%) higher than during to the same period 1 year ago ($856,805). Over the last 30 days the average townhouse price in Burlington was $25,638 (2.9%) higher compared to the average selling price of $854,872 over the last 12 months.

Average selling price for Burlington real estate was $1,114,586 in the last 30 days (March 27 - April 25), which is collectively $3,969 (0.3%) lower than the average asking price of $1,225,275. This represents an increase of $708 (15.1%) compared to $4,677 (0.4%) Sold-Under-Asking price from the previous 30 day period (February 26 - March 26).

The maximum Sold Over/Under Asking ratio in Burlington during the last 12 months was recorded in May, 2023 with an average of $9,056 over the asking price, while the minimum occurring in December, 2023 with $45,901 below the asking price.

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 81.5% with 358 properties sold and 340 new properties listed in the past 30 days (March 27 - April 25). This represents a decrease from 83.5% recorded during the previous 30 day period (February 26 - March 26), and a decrease from 93.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Burlington was 150.0% recorded in December and the lowest was in October at 42.0%. 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.

The Average Days on the Market (DOM) for 358 properties that were successfully sold in Burlington in the last 30 days (March 27 - April 25) was 17 days, which is 2 days less than 19 days average in the previous 30 day period (February 26 - March 26) and 2 days shorter than during the same period a year ago (19 days).

There were 200 delisted properties in Burlington, those that got either Expired, Suspended or Terminated over the last 30 days (March 27 - April 25) with an average of 57 days on the market. This is 5 days longer than the average of 52 days during the previous 30 day period (February 26 - March 26) and 1 days more compared to the same period last year average of 56 days on the market.

200 Burlington properties that didn't sell stayed on the market 235.3% longer than 358 that sucessfully sold over the last 30 days - 17 days when sold vs 57 days when delisted respectively.

Average Days on the Market in Burlington over the past 12 months for properties that have sold was 22.8 days, with 48.8 days for those properties that did not sell.

439 new properties were listed on the market in Burlington in the last 30 days (March 27 - April 25). During the same time 358 properties were sold and 200 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 119 properties (or 27.1%).

During the previous 30 day period (February 26 - March 26) there were 340 new properties listed, 284 sold and 101 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 424 new properties listed, the slowest - December with 78 new listings and a yearly average of 308 new listings per month.

There were a total of 215 homes listed during the last 30 days (March 27 - April 25), which is 49.0% of all properties listed in Burlington. This is a 17.5% increase compared with a previous 30 day period (February 26 - March 26) and 16.8% up from the same period a year ago. Over the past year an average of 173 homes are were listed per month.

132 condo units were listed in the last 30 days (March 27 - April 25) in Burlington, which represents 30.1% of all new listings. This is up 50.0% from the prior 30 day period (February 26 - March 26) and 88.6% more compared to the same period last year. There were 75 condos listed per month on average during the last 12 months.

92 townhomes were listed over the last 30 days (March 27 - April 25) in Burlington, which is 21.0% of all new real estate inventory. This is a 33.3% more than during the previous 30 day period (February 26 - March 26) and 55.9% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 61 a month.

There were a total of 183 homes sold during the last 30 days (March 27 - April 25), which is 51.1% of all properties sold in Burlington. This is a 26.2% increase compared with a previous 30 day period (February 26 - March 26) and 8.3% up from the same period a year ago. Over the past year an average of 131 homes are were sold per month.

77 condo units were sold in the last 30 days (March 27 - April 25) in Burlington, which represents 21.5% of all sold properties. This is up 11.6% from the prior 30 day period (February 26 - March 26) and 26.2% more compared to the same period last year. There were 53 condos sold per month on average during the last 12 months.

98 townhomes were sold over the last 30 days (March 27 - April 25) in Burlington, which is 27.4% of all sold real estate. This is a 40.0% more than during the previous 30 day period (February 26 - March 26) and 60.7% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 58 a month.