- calendar_month December 2, 2024
- folder Absorption Rate
The housing market in Burbank’s 91505 zip code continues to show steady activity as we approach the end of the year. With 17 active listings and 11 homes sold in the last 30 days, this area remains a desirable neighborhood for buyers and sellers alike. Here’s what you need to know:
• Median List Price: $1,240,000
• Median Sold Price: $1,210,000
• Average Days on Market: 38
• Average Price per Square Foot: $814
What This Means
• For Sellers: Homes are selling near list price in about 5 weeks—ideal conditions for listing your property.
• For Buyers: While competitive, steady inventory provides opportunities. Acting quickly is key.
• For Investors: Strong price per square foot and consistent sales make this area a solid choice for long-term value.
Thinking of buying or selling in Burbank? Let’s connect and make your real estate goals a reality!