Perched along the picturesque shores of Lake Ontario, Burlington offers more than just breathtaking waterfront vistas—it unfolds an intriguing real estate landscape. Current Burlington MLS® stats indicate an average house price of $1,414,314 and 338 new listings in the last 28 days. As of today, Burlington housing data shows median days on the market for a home is 15 days.
1. Listings on the Market
Burlington’s real estate market boasts a smorgasbord of housing options, including single-family homes, townhouses, and condominiums.
At present, Burlington unveils an enticing inventory of 385 homes available on the market. These homes are a testament to the town’s diverse architectural styles and premium living.
For those in pursuit of townhouse living, there are 88 listings to choose from, offering an amalgamation of comfort and convenience. The condominium market is brimming with 171 listings, catering to individuals seeking a low-maintenance lifestyle.
2. Avg Listings Price Last 3 months:
The average listing price for homes during this quarter remains stable at $1.6 million, emphasizing Burlington’s commitment to maintaining property values. Townhouses present an average listing price of $878.5 thousand during the same period, reflecting a balance between affordability and comfort.
Burlington’s condominium market shines with an average listing price of $720.3 thousand over the past three months, offering an attractive entry point for prospective buyers.
3. Change in Average Listing Price:
Recent months have seen a steady average listing price for homes, showcasing the market’s resilience in maintaining property values.
Townhouses have experienced no change in average listing prices, indicating a competitive and stable pricing environment.
Condominiums have witnessed a modest 2.02% increase in the average listing price, reflecting the segment’s competitiveness and steady growth.
4. Avg SOLD Price Last 3 months:
Homes in Burlington have seen an average selling price of $1.5 million in the last three months, affirming the town’s appeal to discerning buyers.
The average sold price for townhouses over the same period is $888.6 thousand, showcasing steady demand within this segment. Burlington’s condominiums have garnered an average selling price of $692.5 thousand in the past three months, reflecting strong demand and appreciation in value.
5. Change in Average SOLD Price
The change in the average sold price for homes indicates a 5.44% increase, signifying robust demand and the appreciation of property values.
Townhouses have witnessed a substantial 6.98% increase in the average sold price, affirming their allure to prospective buyers.
The condominium market has experienced a significant 10.06% increase in the average sold price, underscoring strong demand and appreciation in this segment.
Inventory & SOLD Statistics
Burlington witnessed a surge of 831 new home listings, with 262 homes sold during the same period. Homes typically spend an average of 15 days on the market, boasting a solid selling-to-listing price ratio of 100.17%. Townhouses saw 268 new listings and 115 sold properties in the last 60 days. These townhouses had an average of 15 days on the market and a competitive selling-to-listing price ratio of 100.52%. Over the same period, there were 289 new condominium listings, with 103 units sold. Condominiums typically spend 26 days on the market, achieving a selling-to-listing price ratio of 99.74%.
