Brokers — List your Company Here
Featured local agent — Burbank, IL
Sarah Mitchell
Compass Real Estate · Burbank, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Burbank, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$350,000median sale price
How is the Burbank, IL housing market right now?
The median home sale price in Burbank, IL is $350,000, up 16.7% year-over-year. Homes sell in an average of 53 days with 74 active listings. The market is currently a balanced 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, IL is currently a balanced market, based on 4.1 months of supply and homes selling in about 53 days. How we determine this →
Homes sold
18
Last 12 weeks
Days on market
53
Average pace
Active listings
74
4.1 months supply
Sale-to-list
100.9%
Above asking
What does the Burbank housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $350,000 |
| Median list price | $350,000 |
| Year-over-year price change | +16.7% |
| Average days on market | 53 days |
| Active inventory | 74 listings |
| Months of supply | 4.1 months |
| Sale-to-list price ratio | 100.9% |
| Median price per sq ft | $214/sq ft |
| Homes sold (latest month) | 18 |
| New listings (latest month) | 29 |
| Listings with a price cut | 14.9% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Burbank by property type?
How the Burbank, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $350,000 | $214/sq ft | 17 | 54 days |
| Condo / Co-op | $133,000 | $133/sq ft | 1 | 49 days |
| Townhouse | $240,000 | $158/sq ft | 1 | 99 days |
Source: Redfin · Updated monthly
The Burbank housing market is currently classified as a balanced market with a median sale price of $350,000. Prices have risen 16.7% compared to last year, with homes spending an average of 53 days on market, indicating 4.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Burbank
There are currently 74 homes listed for sale in Burbank, Illinois. The median listing price is $350K.
Active listings
74
Homes on market
Median list price
$350K
Avg. days on market
53
Days until sale
New this week
29
Newly listed
Who lives in Burbank?
Population
28,822
Median income
$83,975/yr
Median age
38.2 years
Owner-occupied
80.2%
College grads
15.5%
Avg commute
33.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Burbank?
Zillow home value
$312,029
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Burbank?
Burbank is a community of approximately 29K residents with a median age of 38.2 years.The median household income is $83,975, which reflects a relatively affluent area with strong earning potential. 15.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 80.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.5 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Burbank offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Burbank?
10 schools tracked · 5,196 students
The largest public schools serving Burbank, IL 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.
Reavis High School
Grades 9-12 · 1,961 students
Liberty Junior High School
Grades 6-8 · 1,119 students
Luther Burbank Elem School
Grades K-5 · 459 students
Harry E Fry School
Grades K-5 · 331 students
Edward J Tobin Elem School
Grades K-5 · 295 students
Maddock Elementary School
Grades PK-5 · 285 students
F B Mccord Elem School
Grades PK-5 · 264 students
Richard Byrd Elementary School
Grades K-5 · 242 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, IL?
Want a head-to-head view? Compare Burbank side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Burbank?
The median home sale price in Burbank is $350,000, up 16.7% from last year.
How long do homes stay on market in Burbank?
Homes typically spend 53 days on market before going under contract.
What is the median income in Burbank?
The median household income is $83,975 per year.
Is Burbank a buyer's or seller's market?
With 4.1 months of supply, Burbank is currently a balanced market.
What is the Zillow home value estimate for Burbank?
The Zillow Home Value Index (ZHVI) for Burbank is $312,029, 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, IL is $133,000, compared to $350,000 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, IL is $350,000 (about $214 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Burbank, IL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Burbank market alerts
Weekly updates on prices, inventory, and trends. Free forever.