Burbank, CA Housing Market
Median List Price
$1,175,000
Updated August 2026
Today, Burbank has 118 homes for sale at a median list price of $1,175,000, typically selling in about 41 days.
Burbank Market Analysis
The median list price in Burbank, CA is $1.2M. Current inventory stands at 118 active listings. 49 new listings came on the market in the last 30 days.
Expect a median around $719,000 for two bedroom homes and $2.2M at the five bedroom end. Single family homes lead the mix at 57.6%, with condos accounting for another 20.3%. February to July saw the median price go from $1.3M to $1.1M, down about 8.0%. Median pricing works out to $674 per square foot.
Homes here typically go under contract in about 14 days. Homes move quickly at that pace, which favors sellers and rewards buyers who come prepared. The area spans the 91504, 91501, 91505, 91506, and 91502 ZIP codes.
Burbank Rental Market
The median asking rent in Burbank, CA is $3,795. Current inventory stands at 66 active rental listings. February to July saw the median rent go from $3,450 to $4,500, up about 30.4%.
Burbank Market Pulse
Topfind Market Read
The picture is mixed here. There is only 3.0 months of supply, yet 36% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$1.18M
↑ 0% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
3.0 months of supply
Tight Supply118 active listings against the current sales pace works out to about 3.0 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~41 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 26% faster than six months ago.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 57% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Burbank
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
43%
Homeowners
57%
Renters
Homeownership is 12.5 points lower than the California average (55.5%)
43,066 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $499K in value on average.
Largest increase: 3 → 4 bedrooms (+$608K)
Price Reductions
42 listings have reduced their price
36% of active listings
Average reduction: 4.6% (~$54K)
Browse Burbank Listings
Frequently Asked Questions about the Burbank, CA Housing Market
What is the median home price in Burbank, CA?
The median list price in Burbank is $1,175,000 as of August 2026, based on 118 active listings.
Is Burbank a buyer's market or a seller's market?
Burbank currently reads as a balanced market. Active inventory works out to about 3.0 months of supply at the recent sales pace.
How fast do homes sell in Burbank?
Homes that closed in the last 90 days typically went under contract in about 14 days. The average home currently for sale has been on the market for 41 days.
Are home prices in Burbank going up or down?
The median sale price in Burbank is roughly flat compared with a year ago.
How many homes are for sale in Burbank, CA?
There are 118 homes for sale in Burbank right now, including 9 listed within the last week.
What is the median rent in Burbank?
The median asking rent in Burbank is $3,795 per month, across 66 active rental listings.