Is Burlington, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Burlington was a Seller's Market.
Housing Prices in Burlington, WA
How much do homes in Burlington, WA cost?
Median Sold Price
$512,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Burlington was $512,000 in May 2024, up 11.3% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335K | $460K | +37.3% |
2 Bedrooms | $382.5K | $430K | +12.4% |
3 Bedrooms | $501.5K | $539K | +7.5% |
4 Bedrooms | $599.2K | $622.5K | +3.9% |
5+ Bedrooms | $543.7K | $637.5K | +17.2% |
Summary: Burlington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
Burlington | $460K | $512K | +11.3% |
Mount Vernon | $510.4K | $559K | +9.5% |
Housing Supply in Burlington, WA
How many homes are available in Burlington, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 56 | +43.6% |
Summary: The Burlington real estate market had 56 homes for sale in May 2024, a 43.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 20 | 30 | +50.0% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Burlington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Burlington in May 2024, the same as the previous month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% were sold over asking.
Days on Market for Burlington, WA
How long does it take to sell a home in Burlington, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 10 Days | -11.5% |
Summary: Homes in Burlington had an average of 10 days on market in May 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Burlington; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.