$2,660 Closing Credit*
$224,000
1,109 SqFt
2 Beds
•2 Full Baths
Jim Glackin, Listing Office: Windermere RE Skagit Valley
Is Burlington, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Burlington has remained a Seller's Market.
Key Takeaway
Burlington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burlington, WA
How much do homes in Burlington, WA cost?
Median Sold Price
$543,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$56,000(+11.5%)
Key Takeaway
Homes in Burlington have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Burlington was $543,000 in September 2024, up 11.5% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $372.5K | $460K | +23.5% |
| 2 Bedrooms | $380K | $415K | +9.2% |
| 3 Bedrooms | $520K | $551K | +6.0% |
| 4 Bedrooms | $583K | $700K | +20.1% |
| 5+ Bedrooms | $599.9K | $750K | +25.0% |
Summary: Burlington housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.5%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Burlington | $487K | $543K | +11.5% |
| Mount Vernon | $525K | $560K | +6.7% |
Housing Supply in Burlington, WA
How many homes are available in Burlington, WA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 59 | 66 | +11.9% |
Summary: The Burlington real estate market had 66 homes for sale in September 2024, a 11.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 30 | 33 | +10.0% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Burlington housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burlington, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Burlington in September 2024, up by 36.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for Burlington, WA
How long does it take to sell a home in Burlington, WA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 14 Days | 39 Days | +163.8% |
Summary: Homes in Burlington had an average of 39 days on market in Sep 2024, up by 163.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burlington are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 15 homes were sold in Burlington; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.