Burlington Real Estate Statistics

Burlington real estate average sold price in the last 30 days (October 22 - November 20) was $1,036,121, which is $101,466 (9.8%) lower than the average price of $1,137,587 in the previous 30 day period (September 22 - October 21), and $3,255 (0.3%) up from the same period 1 year ago ($1,032,866). Burlington real estate prices over the last 30 days are also $56,086 (5.4%) lower than the average selling price of $1,092,207 over the past year.

Burlington average sold price for homes was $1,255,015 in the last 30 days (October 22 - November 20), which is $152,818 (12.2%) down from the average home price of $1,407,833 in the previous 30 day period (September 22 - October 21), and $72,119 (5.7%) lower than the same period 1 year ago ($1,327,134). In the last 30 days Burlington the average home price was $108,999 (8.7%) lower than the average selling price of $1,364,014 over the last 12 months.

Average Burlington condo sold price over the last 30 days (October 22 - November 20) was $592,839. During this period it was $4,133 (0.7%) down from the average price of condo of $596,972 during the previous 30 days (September 22 - October 21), and $31,105 (5.2%) lower compared to the same period 1 year ago ($623,944). In the last 30 days Burlington the average condo price was $99,047 (16.7%) lower than the average selling price of $691,886 over the last year.

Average sold price of Burlington townhouse was $883,219 in the last 30 days (October 22 - November 20), up $63,212 (7.2%) from the average townhome price of $820,007 over the previous 30 days (September 22 - October 21), and $91,603 (10.4%) higher than during to the same period 1 year ago ($791,616). Over the last 30 days the average townhouse price in Burlington was $18,569 (2.1%) higher compared to the average selling price of $864,650 over the last 12 months.

Average selling price for Burlington real estate was $1,036,121 in the last 30 days (October 22 - November 20), which is collectively $27,979 (2.3%) lower than the average asking price of $1,211,156. This represents an increase of $3,704 (11.7%) compared to $31,683 (2.6%) Sold-Under-Asking price from the previous 30 day period (September 22 - October 21).

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 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 68.8% with 284 properties sold and 378 new properties listed in the past 30 days (October 22 - November 20). This represents an increase from 62.2% recorded during the previous 30 day period (September 22 - October 21), and an increase from 52.9% 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 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 284 properties that were successfully sold in Burlington in the last 30 days (October 22 - November 20) was 32 days, which is 7 days more than 25 days average in the previous 30 day period (September 22 - October 21) and 6 days longer than during the same period a year ago (26 days).

There were 298 delisted properties in Burlington, those that got either Expired, Suspended or Terminated over the last 30 days (October 22 - November 20) with an average of 57 days on the market. This is 5 days shorter than the average of 62 days during the previous 30 day period (September 22 - October 21) and 11 days more compared to the same period last year average of 46 days on the market.

298 Burlington properties that didn't sell stayed on the market 78.1% longer than 284 that sucessfully sold over the last 30 days - 32 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 25.8 days, with 57.3 days for those properties that did not sell.

413 new properties were listed on the market in Burlington in the last 30 days (October 22 - November 20). During the same time 284 properties were sold and 298 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 169 properties (or 40.9%).

During the previous 30 day period (September 22 - October 21) there were 378 new properties listed, 235 sold and 249 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 78 new listings and a yearly average of 340 new listings per month.

There were a total of 209 homes listed during the last 30 days (October 22 - November 20), which is 50.6% of all properties listed in Burlington. This is a 0.5% increase compared with a previous 30 day period (September 22 - October 21) and 33.1% up from the same period a year ago. Over the past year an average of 178 homes are were listed per month.

118 condo units were listed in the last 30 days (October 22 - November 20) in Burlington, which represents 28.6% of all new listings. This is up 21.6% from the prior 30 day period (September 22 - October 21) and 45.7% more compared to the same period last year. There were 93 condos listed per month on average during the last 12 months.

86 townhomes were listed over the last 30 days (October 22 - November 20) in Burlington, which is 20.8% of all new real estate inventory. This is a 17.8% more than during the previous 30 day period (September 22 - October 21) and 45.8% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 70 a month.

There were a total of 166 homes sold during the last 30 days (October 22 - November 20), which is 58.5% of all properties sold in Burlington. This is a 17.7% increase compared with a previous 30 day period (September 22 - October 21) and 102.4% up from the same period a year ago. Over the past year an average of 125 homes are were sold per month.

63 condo units were sold in the last 30 days (October 22 - November 20) in Burlington, which represents 22.2% of all sold properties. This is up 70.3% from the prior 30 day period (September 22 - October 21) and 75.0% more compared to the same period last year. There were 50 condos sold per month on average during the last 12 months.

55 townhomes were sold over the last 30 days (October 22 - November 20) in Burlington, which is 19.4% of all sold real estate. This is a 3.5% less than during the previous 30 day period (September 22 - October 21) and 41.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 60 a month.