$5,902 Closing Credit*
$497,000
1,451 SqFt
3 Beds
•2 Full Baths
Michelle Russell, Listing Office: John L. Scott Skagit
Is Burlington, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Burlington was a Seller'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, WA
How much do homes in Burlington, WA cost?
Median Sold Price
$532,450
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,895(+5.3%)
Key Takeaway
Homes in Burlington have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Burlington was $532,450 in November 2024, up 5.3% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $577.5K | +54.0% |
| 2 Bedrooms | $394.5K | $412.7K | +4.6% |
| 3 Bedrooms | $535K | $552.6K | +3.3% |
| 4 Bedrooms | $599.5K | $670K | +11.8% |
| 5+ Bedrooms | $612.4K | $750K | +22.5% |
Summary: Burlington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Cities
| Burlington | $505.5K | $532.4K | +5.3% |
| Mount Vernon | $539.9K | $560K | +3.7% |
Housing Supply in Burlington, WA
How many homes are available in Burlington, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 46 | -11.5% |
Summary: The Burlington real estate market had 46 homes for sale in November 2024, a 11.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 13 | -27.8% |
| 3 Bedrooms | 24 | 20 | -16.7% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Burlington 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 decreased by 27.8%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burlington, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Burlington in November 2024, down by 61.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 27 Days | -7.8% |
Summary: Homes in Burlington had an average of 27 days on market in Nov 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 5 homes were sold in Burlington; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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.