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July 2021 Real Estate Market Update for Burbank

Burbank had a a total of $88 million in home sales over the past month, compared to $51 million in June 2020. That’s an increase of over 60 % and the story of most areas in Los Angeles. June registered an increase of approximately 18% in the number of Burbank home sales, rising from 71 to 85, month over month, though the average sale price declined slightly by around 7%. One telling sign that the market will continue to remain hot is that the number of pending sales rose from 59 to 99, month to month, while the number of active listings held to only 69 homes available to buy at the beginning of July. The average list price of all homes in Burbank is now $1.302 million.

Burbank July 2021 Real Estate Market Update Slide
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Source: CRMLS, The MLS

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