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Featured local agent — Burnham, IL
Sarah Mitchell
Compass Real Estate · Burnham, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Burnham, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$186,500median sale price
How is the Burnham, IL housing market right now?
The median home sale price in Burnham, IL is $186,500, up 28.6% year-over-year. Homes sell in an average of 89 days with 14 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Burnham a buyer's or seller's market?
Burnham, IL is currently a buyer's market, based on 7.0 months of supply and homes selling in about 89 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
89
Average pace
Active listings
14
7.0 months supply
Sale-to-list
99.3%
Below asking
What does the Burnham housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $186,500 |
| Median list price | $205,000 |
| Year-over-year price change | +28.6% |
| Average days on market | 89 days |
| Active inventory | 14 listings |
| Months of supply | 7.0 months |
| Sale-to-list price ratio | 99.3% |
| Median price per sq ft | $135/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 7 |
| Listings with a price cut | 14.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Burnham by property type?
How the Burnham, 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 | $186,500 | $135/sq ft | 2 | 89 days |
| Condo / Co-op | $65,000 | $76/sq ft | 1 | 3 days |
| Townhouse | $160,000 | $112/sq ft | 1 | 33 days |
Source: Redfin · Updated monthly
The Burnham housing market is currently classified as a buyer's market with a median sale price of $186,500. Prices have risen 28.6% compared to last year, with homes spending an average of 89 days on market, indicating 7.0 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 2.8x provides context for how home values compare to local earning capacity.
Homes for sale in Burnham
There are currently 14 homes listed for sale in Burnham, Illinois. The median listing price is $205K.
Active listings
14
Homes on market
Median list price
$205K
Avg. days on market
89
Days until sale
New this week
7
Newly listed
Who lives in Burnham?
Population
3,978
Median income
$55,708/yr
Median age
36.5 years
Owner-occupied
60.0%
College grads
11.7%
Avg commute
35.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Burnham?
Zillow home value
$154,864
Price-to-income
2.8x
Source: Zillow Research
What is it like to live in Burnham?
Burnham is a community of approximately 4K residents with a median age of 36.5 years.The median household income is $55,708, which represents a working-class community with solid middle-income opportunities. 11.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.0%, showing a blend of owner and renter-occupied properties. The average commute time is 35.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Burnham offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Burnham?
1 schools tracked · 148 students
The largest public schools serving Burnham, 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.
Burnham Elem School
Grades PK-8 · 148 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 Burnham, IL?
Want a head-to-head view? Compare Burnham side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Burnham?
The median home sale price in Burnham is $186,500, up 28.6% from last year.
How long do homes stay on market in Burnham?
Homes typically spend 89 days on market before going under contract.
What is the median income in Burnham?
The median household income is $55,708 per year.
Is Burnham a buyer's or seller's market?
With 7.0 months of supply, Burnham is currently a buyer's market.
What is the Zillow home value estimate for Burnham?
The Zillow Home Value Index (ZHVI) for Burnham is $154,864, representing the typical home value in the area.
What is the median condo price in Burnham?
The median condo/co-op sale price in Burnham, IL is $65,000, compared to $186,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Burnham?
The median single-family home price in Burnham, IL is $186,500 (about $135 per square foot).
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