Burlington Real Estate Statistics

Burlington real estate average sold price in the last 30 days (January 21 - February 19) was $1,053,299, which is $85,085 (8.1%) lower than the average price of $1,138,384 in the previous 30 day period (December 22 - January 20), and $13,272 (1.3%) up from the same period 1 year ago ($1,040,027). Burlington real estate prices over the last 30 days are also $54,387 (5.2%) lower than the average selling price of $1,107,686 over the past year.

Burlington average sold price for homes was $1,286,414 in the last 30 days (January 21 - February 19), which is $209,594 (16.3%) down from the average home price of $1,496,008 in the previous 30 day period (December 22 - January 20), and $5,117 (0.4%) higher than the same period 1 year ago ($1,281,297). In the last 30 days Burlington the average home price was $110,564 (8.6%) lower than the average selling price of $1,396,978 over the last 12 months.

Average Burlington condo sold price over the last 30 days (January 21 - February 19) was $645,812. During this period it was $20,562 (3.2%) up from the average price of condo of $625,250 during the previous 30 days (December 22 - January 20), and $12,631 (2.0%) lower compared to the same period 1 year ago ($658,443). In the last 30 days Burlington the average condo price was $44,432 (6.9%) lower than the average selling price of $690,244 over the last year.

Average sold price of Burlington townhouse was $895,844 in the last 30 days (January 21 - February 19), up $22,572 (2.5%) from the average townhome price of $873,272 over the previous 30 days (December 22 - January 20), and $26,379 (2.9%) higher than during to the same period 1 year ago ($869,465). Over the last 30 days the average townhouse price in Burlington was $27,840 (3.1%) higher compared to the average selling price of $868,004 over the last 12 months.

Average selling price for Burlington real estate was $1,053,299 in the last 30 days (January 21 - February 19), which is collectively $27,902 (2.3%) lower than the average asking price of $1,188,662. This represents an increase of $10,208 (26.8%) compared to $38,110 (3.3%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Burlington during the last 12 months was recorded in April, 2024 with an average of $9,712 under the asking price, while the minimum occurring in June, 2024 with $36,893 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 45.1% with 151 properties sold and 204 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 54.4% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 79.6% 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.

The Average Days on the Market (DOM) for 151 properties that were successfully sold in Burlington in the last 30 days (January 21 - February 19) was 33 days, which is 3 days less than 36 days average in the previous 30 day period (December 22 - January 20) and 1 days longer than during the same period a year ago (32 days).

There were 128 delisted properties in Burlington, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 68 days on the market. This is 11 days shorter than the average of 79 days during the previous 30 day period (December 22 - January 20) and 1 days more compared to the same period last year average of 67 days on the market.

128 Burlington properties that didn't sell stayed on the market 106.1% longer than 151 that sucessfully sold over the last 30 days - 33 days when sold vs 68 days when delisted respectively.

Average Days on the Market in Burlington over the past 12 months for properties that have sold was 26.3 days, with 58.5 days for those properties that did not sell.

335 new properties were listed on the market in Burlington in the last 30 days (January 21 - February 19). During the same time 151 properties were sold and 128 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 56 properties (or 16.7%).

During the previous 30 day period (December 22 - January 20) there were 204 new properties listed, 111 sold and 189 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 371 new listings per month.

There were a total of 155 homes listed during the last 30 days (January 21 - February 19), which is 46.3% of all properties listed in Burlington. This is a 55.0% increase compared with a previous 30 day period (December 22 - January 20) and 7.6% up from the same period a year ago. Over the past year an average of 191 homes are were listed per month.

102 condo units were listed in the last 30 days (January 21 - February 19) in Burlington, which represents 30.4% of all new listings. This is up 52.2% from the prior 30 day period (December 22 - January 20) and 37.8% more compared to the same period last year. There were 103 condos listed per month on average during the last 12 months.

78 townhomes were listed over the last 30 days (January 21 - February 19) in Burlington, which is 23.3% of all new real estate inventory. This is a 110.8% more than during the previous 30 day period (December 22 - January 20) and 27.9% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 77 a month.

There were a total of 82 homes sold during the last 30 days (January 21 - February 19), which is 54.3% of all properties sold in Burlington. This is a 36.7% increase compared with a previous 30 day period (December 22 - January 20) and 28.7% down from the same period a year ago. Over the past year an average of 137 homes are were sold per month.

33 condo units were sold in the last 30 days (January 21 - February 19) in Burlington, which represents 21.9% of all sold properties. This is up 3.1% from the prior 30 day period (December 22 - January 20) and 26.7% less compared to the same period last year. There were 56 condos sold per month on average during the last 12 months.

36 townhomes were sold over the last 30 days (January 21 - February 19) in Burlington, which is 23.8% of all sold real estate. This is a 89.5% more than during the previous 30 day period (December 22 - January 20) and 41.9% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 64 a month.