Burbank, CA 91505 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator, $1,062,000 median sold price, anchors recent transaction value and—when contrasted with the $1,344,000 median listing price—suggests pricing friction as sellers are listing above recent realized sale levels; this gap may indicate optimistic seller expectations.
2. The market shows relatively constrained active supply in the analyzed sample, which, together with a median days on market of 305, points to slower sales velocity even as pricing holds; slower transaction pace may reflect selective buyer activity rather than weak demand.
3. Price momentum is positive with a year-over-year trend listed as up, while rent trends are also up, supporting continued price resiliency; up.
4. Interest rate conditions present moderate headwinds: reported interest rate pressure is moderate and Current 30-year fixed mortgage rates are noted at an average 6.6%, which may temper buyer affordability even as the market remains relatively balanced; moderate.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.