Burbank, CA 91505 Real Estate Market Report

ZIP Code: 91505
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Burbank, CA (ZIP: 91505) stands at $1,099,000, reflecting a stable market environment with prices showing a flat trend. This stability suggests that while there may be some pricing friction, the market is not experiencing significant declines. The elevated inventory levels relative to sales activity indicate a balanced market, where buyers have options but sellers must remain competitive with their pricing strategies.

With a median listing price of $1,199,991, there is a notable gap between listing and sold prices, which may suggest that sellers are adjusting their expectations in response to market conditions. The median days on market is 324, indicating slower sales velocity, which could be a factor of both elevated inventory and buyer hesitance due to elevated interest rate pressure. Overall, the market appears to be stabilizing, with strong rental demand supporting the housing landscape.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. $1,099,000 is the median sold price, indicating a stable market with no significant price declines.

2. The median listing price of $1,199,991 suggests sellers may need to adjust expectations to align with buyer demand.

3. A median days on market of 324 reflects slower sales velocity, which may indicate a need for strategic pricing.

4. Elevated inventory levels suggest a balanced market, providing buyers with options while requiring sellers to be competitive.

5. The median market rent of $3,900 remains strong, supporting rental demand amidst affordability challenges in homeownership.

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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.