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Featured local agent — Burbank, CA
Sarah Mitchell
Compass Real Estate · Burbank, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Burbank, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$950,000median sale price
How is the Burbank, CA housing market right now?
The median home sale price in Burbank, CA is $950,000, down 26.1% year-over-year. Homes sell in an average of 1853 days with 10 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Burbank a buyer's or seller's market?
Burbank, CA is currently a buyer's market, based on 10.0 months of supply and homes selling in about 1853 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
1853
Average pace
Active listings
10
10.0 months supply
Sale-to-list
95.2%
Below asking
What does the Burbank housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $950,000 |
| Median list price | $1.29M |
| Year-over-year price change | -26.1% |
| Average days on market | 1853 days |
| Active inventory | 10 listings |
| Months of supply | 10.0 months |
| Sale-to-list price ratio | 95.2% |
| Median price per sq ft | $971/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 5 |
| Listings with a price cut | 50.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Burbank by property type?
How the Burbank, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $950,000 | $971/sq ft | 1 | 1853 days |
| Condo / Co-op | $640,000 | $630/sq ft | 3 | 54 days |
| Townhouse | $700,000 | $471/sq ft | 1 | 5 days |
Source: Redfin · Updated monthly
The Burbank housing market is currently classified as a buyer's market with a median sale price of $950,000. Prices have fallen 26.1% compared to last year, with homes spending an average of 1853 days on market, indicating 10.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 7.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Burbank
There are currently 10 homes listed for sale in Burbank, California. The median listing price is $1.3M.
Active listings
10
Homes on market
Median list price
$1.3M
Avg. days on market
1853
Days until sale
New this week
5
Newly listed
Who lives in Burbank?
Population
5,552
Median income
$152,559/yr
Median age
35.8 years
Owner-occupied
59.0%
College grads
46.2%
Avg commute
23.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Burbank?
Zillow home value
$1.20M
Zillow rent index
$2,742/mo
Price-to-rent ratio
36.5x
Price-to-income
7.9x
Source: Zillow Research
What is it like to live in Burbank?
Burbank is a community of approximately 6K residents with a median age of 35.8 years.The median household income is $152,559, which reflects a relatively affluent area with strong earning potential. 46.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 59.0%, showing a blend of owner and renter-occupied properties. The average commute time is 23.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Burbank offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Burbank?
21 schools tracked · 14,208 students
The largest public schools serving Burbank, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Burbank High
Grades 9-12 · 2,471 students
Burroughs High
Grades 9-12 · 2,358 students
John Muir Middle
Grades 6-8 · 1,362 students
Luther Burbank Middle
Grades 6-8 · 967 students
Dolores Huerta Middle
Grades 6-8 · 910 students
Thomas Jefferson Elementary
Grades K-5 · 749 students
Joaquin Miller Elementary
Grades K-5 · 748 students
Theodore Roosevelt Elementary
Grades K-5 · 585 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Burbank, CA?
Want a head-to-head view? Compare Burbank side-by-side with any other U.S. city using our market-comparison tool.
Is Burbank a good real estate investment market?
For investors evaluating Burbank, the price-to-rent ratio of 36.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 26.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Burbank's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Burbank's median home price.
Frequently asked questions
What is the average home price in Burbank?
The median home sale price in Burbank is $950,000, down 26.1% from last year.
How long do homes stay on market in Burbank?
Homes typically spend 1853 days on market before going under contract.
What is the median income in Burbank?
The median household income is $152,559 per year.
Is Burbank a buyer's or seller's market?
With 10.0 months of supply, Burbank is currently a buyer's market.
What is the Zillow home value estimate for Burbank?
The Zillow Home Value Index (ZHVI) for Burbank is $1.20M, representing the typical home value in the area.
What is the median condo price in Burbank?
The median condo/co-op sale price in Burbank, CA is $640,000, compared to $950,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Burbank?
The median single-family home price in Burbank, CA is $950,000 (about $971 per square foot).
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