
Burbank houses for sale sell both above and below asking price with 49% selling over asking and 40% selling under asking in March 2025. The median sale price ranges between $1,097,431 and $1,217,237.Burbank homes demonstrate mixed pricing patterns with 49% of homes sold over asking price in March 2025.
The remaining sales broke down as 40% selling under asking price and 12% selling at asking price. This data shows Burbank buyers face competitive conditions where nearly half of all transactions exceed list prices. The total number of homes sold reached 43 units in March 2025, representing a 59.3% increase month-over-month.
Market activity surged significantly compared to the previous month’s sluggish performance.The median home sold price in Burbank reached $1,154,265 in March 2025, up 4.9% from the previous year. Property values continue rising despite broader California market challenges.
The average sale price for homes spans $1,217,237 over the last 12 months, reflecting a 4% increase year-over-year. Zillow reports typical home values at $1,097,431 with a 4.7% decline over the past year. These varying figures reflect different measurement periods and methodologies.
The Q4 median sale price reached $1.2M, up 8.1% year-over-year with 163 sales closed representing a 22.6% increase in activity.Different bedroom configurations showed varied price changes with 4-bedroom homes increasing 13.2% and 3-bedroom homes rising 5.9%. Single-family homes outperformed other property types in appreciation.

Houses commanded a median price of $1.3M with 17% year-over-year growth while condos remained flat at $742K. Detached properties significantly outpace attached units in value appreciation.Homes sold quickly with 79% of properties selling within 30 days and average listing age of 20 days in March 2025.
Fast sales indicate strong buyer demand despite higher mortgage rates. Redfin data shows homes sell after 39 days on market compared to 54 days last year. Time-on-market varies seasonally from 42 days in December to 65 days in January. Seasonal patterns affect how quickly properties move.
Nearly half of Burbank homes (48.8%) sold above asking price in March 2025. This percentage exceeds the California statewide average where 33.3% of homes sold above list price in January 2025. Burbank sellers benefit from stronger pricing power compared to broader California markets.
Statewide sales-price-to-list-price ratio reached 100% in April 2025, meaning homes sell for approximately their listing amounts.Burbank prices run 44% higher than neighboring Glendale and 31% higher than North Hollywood. Location premium reflects Burbank’s desirability within Los Angeles County.
California median home prices reached $786,400 with 6.3% year-over-year growth as of January 2025. Burbank values substantially exceed state medians by approximately 40%.Active inventory totaled 158 homes for sale in March 2025, representing a 12.1% increase from February.

Supply growth provides more options for buyers while maintaining competitive conditions. Monthly inventory reached 127 homes with 61 new listings added to the market. Fresh supply enters the market regularly but faces strong absorption from buyer demand.Long-term forecasts predict Burbank home prices reaching $1,081,326 by January 2030, representing 13.4% growth over five years.
\Investment potential remains positive despite current high valuations. Market analysts expect continued price appreciation driven by limited supply and sustained buyer interest in Burbank’s entertainment industry proximity and community amenities.
Burbank homes currently sell in a competitive environment where buyers pay above asking price approximately half the time. Sellers benefit from strong demand and rising values, while buyers face bidding wars and limited negotiation opportunities. The median price range between $1,097,431 and $1,217,237 reflects market strength despite broader economic uncertainties.