Burbank, California Real Estate Facts

At ListWizer, our experienced team of licensed real estate professionals in Burbank knows that the more you can save when buying or selling a home in California, the better your move will be. That is why we are here. We’re dedicated to addressing your inquiries, providing valuable guidance, and assisting you in discovering the ideal agent for each home-buying or selling needs. That starts with understanding the area and the intricate details of where you are buying or selling a home.

Our Los Angeles County real estate professionals prioritize each client’s unique buying and selling needs because every step we take from here defines their futures, and we want to be a part of their journeys.

Here, we discuss the housing market in Burbank, which has been a seller’s market since 2023. Prices tend to be higher, and homes sell faster.

What are Housing Prices in Burbank, California?

Burbank’s median home sold price was $1,107,166 in February 2024, down 3.7% from last year, and the median price per square foot was $739.

The median sold price by bedroom count as of February 2024 is:

  • 1 Bedroom $559K
  • 2 Bedrooms $865K
  • 3 Bedrooms $1.2M
  • 4 Bedrooms $1.4M
  • 5+ Bedrooms $1.9M

The median sold price compared to nearby cities is:

  • Glendale $1.1M
  • San Fernando Valley $922.9K
  • La Crescenta $1.2M
  • Los Angeles $976.3K

The Burbank real estate market had 148 homes for sale in February 2024, and 36 homes were sold or pending at month’s end. Of the 36 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

In February 2024, homes in Burbank spent an average of 31 days on the market, down by 0.4% from last year.

How Can ListWizer Help Me Buy or Sell a Home in Burbank, California?

At Listwizer, we create a win-win relationship with our partner agents by providing them a steady business flow. This affords us greater negotiating power to secure competitive rates for our clients.

Our 1% flat fee discount means that we charge a fixed and transparent 1% commission on the final sale price of your property. This allows you to save significantly compared to traditional real estate brokerages without compromising on the quality of service.

Contact us today to learn how we can put our team of licensed real estate professionals in Burbank to work for you!