The Inventory Picture
As of late June 2026, the latest CRMLS data records 99 active residential listings across Burbank. The median list price sits at $1,353,990, with asking figures spanning from $690,000 at the entry of the market to $5,500,000 at the top.
That spread matters. A ninety-nine listing count paired with a range this wide tells you Burbank is not a single market but a set of price bands operating on their own clocks. The figure to hold onto is the median list price of $1,353,990, which is where the weight of current supply is concentrated.
How Homes Are Actually Trading
Active list prices describe intention. Closed sales describe reality. Looking at the trailing 90 days for comparable mid-sized single-family homes, 66 sales closed with a median sale price of $1,201,000 and a median of $802 per square foot. These figures describe that comparable mid-sized single-family segment specifically, not the entire market, which spans everything from entry condominiums to multimillion-dollar estates.
The pace is the headline. Median days on market for these comparable homes was 13. Two weeks, and then the negotiation is effectively over. A property that lingers in this environment is signaling something about its price or its presentation, because the comparable set is not lingering.
Sellers Are Holding the Line, and Then Some
The sale-to-list ratio for those 66 comparable closings was 100.7 percent. In plain terms, the typical home in that segment closed slightly above its final asking figure. Thirty-four of the 66, more than half, closed at or above the final asking price.
That is the number every seller and every buyer should sit with. It reframes the entire negotiation. When more than half of comparable homes are meeting or exceeding the last posted number, the assumption that an offer starts below list is no longer a safe default. Pricing accuracy at launch, rather than aspiration or discounting, is what produces this result.
More than half of comparable Burbank homes closed at or above their final asking price. That single fact should reset how both sides approach a negotiation this summer.
What Recent Closings Show
A handful of recent closings from the latest CRMLS data illustrate where the upper-middle of the market has been clearing this cycle:
- 730 Fairview Street closed at $2,050,000
- 724 Fairview Street closed at $1,916,700
- 749 Stanford Road closed at $1,900,000
- 831 Walnut Avenue closed at $1,810,000
- 523 Lamer Street closed at $1,750,000
What This Means If You Are Buying
The buyer strategy this summer is preparation, not patience. With a 13 day median on comparable homes and a sale-to-list ratio above 100 percent, waiting for a price to soften has not been the winning move in that segment. The homes that would soften are, more often than not, closing at or above ask before that window opens.
The counter to a fast market is being ready to move decisively when the right property surfaces. That means financing in order before touring, a clear read on comparable closings so an offer is grounded in the same CRMLS reality sellers are watching, and representation that can price an offer to win without overreaching. We build that groundwork with buyers before the first showing, so a two-week decision window is an advantage rather than a scramble.
What This Means If You Are Selling
For sellers, the data argues for confidence paired with precision. A market where comparable homes clear in 13 days at 100.7 percent of ask rewards a launch price set to the closings, not to the aspirational ceiling. Overpricing invites the days-on-market drift that this market is otherwise not producing, and a stale listing loses the very momentum the numbers are handing you.
The right approach is to enter at a figure the comparable sales support, present the home to command the segment, and let the pace of this market work in your favor. We anchor every listing recommendation to the same CRMLS closings buyers are studying, which is how a home lists correctly and captures the at-or-above outcome the current data describes.