
Burbank houses for sale market is very competitive. Burbank’s housing market is very competitive with homes receiving multiple offers and selling quickly above asking price.
The Local Burbank homes receive 3 offers on average. Homes in the area receive 3 offers on average creating intense buyer competition. This competition drives prices higher and favors sellers throughout the market. Multiple offers occur frequently in local transactions.
Many homes get multiple offers, some with waived contingencies according to recent market analysis. Buyers often waive inspection and financing contingencies to strengthen their offers. Burbank homes sell in 39 days on average.
On average, homes in the market sell after 39 days on the market compared to 54 days last year. This represents a significant acceleration in sales pace compared to previous periods. Fast-selling properties dominate the local market. Hot homes can sell for about 4% above list price and go pending in around 16 days. The fastest sales occur within 16 days for highly desirable properties.
Pending contracts happen quickly in the area. The average home value goes to pending in around 13 days according to current data. This rapid timeline requires buyers to act decisively.
Above-asking sales represent 49% of all local transactions. Of the 43 sold homes, 40% were sold under asking, 12% were sold at asking, and 49% were sold over asking in March 2025. Nearly half of all homes exceed their listing price. Premium pricing occurs for desirable area properties.
Hot homes can sell for about 4% above list price demonstrating strong buyer demand. Some properties achieve even higher premiums based on location and condition. Below-asking sales account for 40% of local transactions.
While competition drives many prices up, buyers still secure deals below listing price in certain situations. Market conditions vary by property type and location within the city.
Listing duration in the area averages 20 days in March 2025. Homes in the market had an average listing age of 20 days in Mar 2025, up by 15.5% compared to the previous year. Despite the yearly increase, properties still sell relatively quickly.
Market timing varies across different local properties. The median values show 34 days on market according to alternative data sources. Different platforms report varying timeframes based on their specific methodologies.
Quick sales characterize the local market. During March 2025, 79% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days. Most properties move quickly through the sales process.
The area’s competitiveness rates very high on standardized measures. The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive. The market receives a very competitive rating indicating intense buyer competition.
Competitive dynamics create challenging conditions for local buyers. Many homes get multiple offers, some with waived contingencies reflecting the intense competition. Sellers benefit from these competitive conditions with favorable terms and pricing.
Local sales totaled 43 homes in March 2025. A total of 43 homes were sold or pending in the market in March 2025, up by 59.3% month-over-month. This represents substantial monthly growth in market activity. Annual transaction volume reached 841 sales over the past year.
Real estate market trends reflect that there have been 841 transactions over the past year in the area. This volume indicates an active and liquid market. Monthly increases show growing local activity.
The 59.3% month-over-month increase in March 2025 demonstrates accelerating market pace. More buyers and sellers enter the market creating additional competition. Home values in the area show competitive appreciation. The average price ranges between $1,097,431 and $1,236,500 depending on data sources and calculation methods.
Multiple valuation approaches reflect market complexity. Price per square foot competition drives local values to $797. The median price per square foot was $797 in March 2025 representing strong market demand.
Alternative sources report $738 per square foot using different methodologies. Competitive pricing varies by property type in the market. The home price for 4 bedroom homes increased by +13.2% while other configurations showed different appreciation rates. Four-bedroom homes experience the most intense competition.

Limited inventory intensifies local competition. There are 189 homes for sale in Los Angeles County creating supply constraints. Low inventory relative to demand drives competitive bidding. Active listings total 158 homes in March 2025.
The real estate market had 158 homes for sale in Mar 2025, a 12.1% increase compared to Feb 2025. Even with monthly increases, supply remains tight. Inventory growth by bedroom type affects competition levels.
The inventory for 4 bedroom homes increased by +36.4% while other bedroom counts showed different patterns. Four-bedroom inventory growth provides slightly more options. External buyer interest increases local competition.
Across the nation, 4% of homebuyers searched to move into Burbank from outside metros adding to local demand. Out-of-state buyers contribute to competitive conditions. San Francisco buyers represent the largest external group.
San Francisco homebuyers searched to move into the area more than any other metro followed by Houston and Seattle. California relocations drive significant competition. Local retention remains high among area residents.
In Jan ’25 – Mar ’25, 22% of homebuyers searched to move out of the area, while 78% looked to stay within the metropolitan area. Most buyers remain in the local market.
Spring competition intensifies in local markets. The number of homes selling above the list price tends to increase in spring and summer creating peak competition periods. Seasonal patterns affect buyer strategies.
Hot homes sell fastest during peak competition periods. Hot homes will sell within 15-20 days during high-demand seasons. Buyers face maximum competition during spring and summer months.

Contingency waivers become common in competitive local sales. Many homes get multiple offers, some with waived contingencies reflecting intense buyer competition.
Inspection waivers and financing contingencies are frequently waived. Terms competition extends beyond price in local transactions. Buyers compete on closing timelines, earnest money deposits, and other contract terms.
Non-price factors become crucial in multiple offer situations. Cash offers provide advantages in competitive local markets. While specific cash offer percentages aren’t available, cash buyers typically succeed more often in competitive situations. Financing contingencies can disadvantage buyers in multiple offer scenarios.
Local competition shows no signs of decreasing. With limited inventory, strong demand, and multiple offers per property, competitive conditions persist. Buyers must prepare for intense competition and quick decisions.
Seller advantages continue in the competitive local market. Multiple offers, above-asking sales, and quick closings benefit sellers significantly. Competition levels maintain favorable seller conditions throughout most price ranges.