Burbank Housing Market Report – July 2026
Here's a look at how the Burbank, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 65
- Median Sale Price: $1,300,000
- Average Sale Price: $1,418,081
- Average Price Per Sq Ft: $809
- Average Days on Market: 73
- Sale-to-List Price Ratio: 100.3%
Month-Over-Month Trends
Compared to June, the median sale price in Burbank moved 2.2% up (from $1,272,500 to $1,300,000). The number of homes sold was 4.4% down compared to the prior month (68 vs. 65). Average days on market shifted 35.2% up (54 days to 73 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 23.8% up (from $1,050,000 to $1,300,000). Sales volume is 18.2% up year-over-year.
What This Means
Burbank's housing market is showing signs of cooling as we head into late summer. While median prices continue climbing—up a solid 23.8 percent year-over-year to $1.3 million—the month-to-month momentum is slowing. More telling is the jump in days on market, which spiked from 54 to 73 days, suggesting homes are taking longer to find buyers despite still commanding prices at or slightly above asking. This slowdown likely reflects typical seasonal patterns, where summer activity typically trails spring, combined with the lingering effects of higher interest rates on buyer affordability.
The gap between median and average prices (about $118,000) indicates a wider range of properties selling, with single-family homes making up roughly two-thirds of sales. The healthy 100.3 percent sale-to-list ratio shows Burbank hasn't become a buyer's market yet, but the direction matters: homes are spending an extra three weeks on the market compared to June. With 228 active listings on the books and sellers asking roughly $75,000 less than recent sales prices, we're seeing a modest rebalancing. Buyers with patience may find slightly more negotiating room than they had earlier this year, though Burbank remains a solidly competitive market.
Burbank Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 91505 | 23 | $1,288,000 | $953 | 71 |
| 91506 | 16 | $1,168,495 | $783 | 86 |
| 91501 | 11 | $1,410,000 | $698 | 58 |
| 91504 | 10 | $1,471,425 | $694 | 64 |
| 91502 | 5 | $640,000 | $675 | 74 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 44 | $1,357,500 | $906 |
| MULTI_FAMILY | 7 | $1,410,000 | $570 |
| CONDOS | 6 | $640,000 | $618 |
| TOWNHOMES | 5 | $1,186,990 | $621 |
| OTHER | 2 | $6,075,000 | $448 |
| CONDO | 1 | $795,000 | $521 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $300K - $399K | 1 |
| $500K - $749K | 6 |
| $750K+ | 58 |
Current Active Listings
As of this report, there are 228 active listings in Burbank with a median asking price of $1,225,245 and an average of 63 days on market.
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