Is Burlington, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burlington is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Burlington has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Burlington, CO

How much do homes in Burlington, CO cost?

Median Sold Price

$414,500

$117/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$184,800(-30.8%)

Key Takeaway

Homes in Burlington have sold for 30.8% less than they did a month ago.

Summary: The median home sold price in Burlington was $414,500 in October 2024, down 30.8% from last month, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $599.3K$200K
-66.6%
5+ -$629K
N/A

Summary: Burlington housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 66.6%, and 5+ bedroom homes did not change.

Housing Supply in Burlington, CO

How many homes are available in Burlington, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3134+9.7%

Summary: The Burlington real estate market had 34 homes for sale in October 2024, a 9.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 66
0.0%
4 1213
+8.3%
5+ 1112
+9.1%

Summary: The Burlington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Burlington in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Burlington, CO

How long does it take to sell a home in Burlington, CO?

Average Sale Time

Sep 2024Oct 2024CHANGE
73 Days230 Days+215.8%

Summary: Homes in Burlington had an average of 230 days on market in Oct 2024, up by 215.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Burlington are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 2 homes were sold in Burlington; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 20 Days Ago

Newest Listings in Burlington, CO

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