Is Burney, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burney is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Burney was a Seller's Market.

Key Takeaway

Burney is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Burney, CA

How much do homes in Burney, CA cost?

Median Sold Price

$205,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$23,125(-10.1%)

Key Takeaway

Homes in Burney have sold for 10.1% less than they did a year ago.

Summary: The median home sold price in Burney was $205,000 in November 2024, down 10.1% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$135.5K
N/A
2 $143.5K$170K
+18.5%
3 $234.8K$215K
-8.5%
4 $501K$295K
-41.1%
5+ $325K-
N/A

Summary: Burney housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.5%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 41.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

East Shasta
-9.0%
Burney
-10.1%

Housing Supply in Burney, CA

How many homes are available in Burney, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2720-25.9%

Summary: The Burney real estate market had 20 homes for sale in November 2024, a 25.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2116
-23.8%
4 21
-50.0%
5+ 10
-100.0%

Summary: The Burney housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.8%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burney, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Burney in November 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Burney, CA

How long does it take to sell a home in Burney, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
119 Days46 Days-61.6%

Summary: Homes in Burney had an average of 46 days on market in Nov 2024, down by 61.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Burney has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Burney; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Burney, CA

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