Burlington Condo Statistics
In Burlington, an average price of a condominium was around $581,000 in December, a decline of 16.5 percent & the per-square-foot cost was about $644, a decline of 8.5 percent as compared to 2021. There was a decline of 9.7 percent in sales. There were forty days on the real estate market and condominiums sold for 91 percent of the price of a listing on average. At the December end, inventory worth 3.28 months is represented by ninety-two active listings.
As of January 2023, the average housing price in Burlington is around $1,005,688 as indicated by Current Burlington MLS Statistics. There have been 281 new listings in the city in the last twenty-eight days. The city has thirty eight days on the real estate market to sell a property.
Current Condo Market Outlook
Condominiums have always been the most affordable constructed styles among all the housing styles. These are residential units with many apartments. Each of the units in the condominium is owned individually. People in the city prefer to live in such houses as they find them more suitable in terms of cost and safety.
Let’s have a look at the real estate data of different construction styles and compare them with condominiums. The average cost of detached houses has decreased by 13.4 percent year-over-year to approximately $1.38M. The average price of a freehold townhouse in the city decreased by 16 percent year-over-year to approximately $954K. The next in line are semi-detached houses. Their average cost has decreased by 14.5 percent year-over-year to around $1.01M. At last, we have the most important ones, the condominiums. Their average price has decreased to 0.9 percent year-over-year to around $706K.
Average Condo Prices January 2023
As stated earlier, condominiums are the most affordable ones in Burlington. Their average cost is about $579K. This price was $740K about three months ago. As of January 2023, these houses are becoming more affordable in the city.
Price of 1 Bedroom Condominium
Condominiums are available in Burlington with different numbers of bedrooms and bathrooms. The average cost of a one-bedroom condominium is $527K. This price was $534k about three months ago.
One bedroom and one-bathroom condo are available for sale at 4880 Valera Rd, #A206 Burlington, Alton. The cost of this beautiful condo is about $449,900. Another beautiful condo with one bedroom and one bathroom at the same price is available for sale at 4880 Valera Rd, #A204 Burlington, Alton.
Price of 2-Bedroom Condominium
In the same way, there are 2-bedroom condominiums. The average price of a 2-bedroom condo, as of 2023, is $638K. This price was $909k about three months ago.
Let’s have a look at different 2-bedroom condos which are available for sale in the city. A 2 bedroom and one-bathroom condo is available for sale at 4880 Valera Rd, #B701 Burlington, Alton. This condo cost you only $499,900. Another 2 bedroom and one-bathroom condo is available for sale at 4880 Valera Rd, #A317 Burlington, Alton. Its cost is only $516,000.
