Burbank Housing Market Report – May 2026
Here's a look at how the Burbank, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 59
- Median Sale Price: $1,225,000
- Average Sale Price: $1,340,101
- Average Price Per Sq Ft: $797
- Average Days on Market: 58
- Sale-to-List Price Ratio: 102.5%
Month-Over-Month Trends
Compared to April, the median sale price in Burbank moved 2.1% up (from $1,200,000 to $1,225,000). The number of homes sold was 16.9% down compared to the prior month (71 vs. 59). Average days on market shifted 10.8% down (65 days to 58 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 1.7% up (from $1,205,000 to $1,225,000). Sales volume is 7.3% up year-over-year.
What This Means
Burbank's housing market is showing modest strength heading into summer, with prices continuing their gradual upward climb. The median sale price of $1,225,000 represents a healthy 2.1% gain from April, suggesting sustained buyer demand despite broader economic uncertainties. What's particularly encouraging is the sale-to-list ratio of 102.5%, indicating that homes are selling above asking price—a sign that inventory remains relatively tight compared to buyer interest. At $797 per square foot, pricing remains consistent with recent trends, reinforcing stability in the market.
However, this month's 16.9% dip in sales volume warrants some caution. While this decline partly reflects normal May seasonality as we transition from spring's peak activity, it's worth monitoring whether it signals shifting buyer confidence or merely typical seasonal softness. The good news is that homes are selling faster, with days on market dropping to 58 from 65 the previous month, suggesting properties priced competitively continue to attract quick offers.
With 190 active listings and median asking prices hovering around $1.2 million, buyers have decent selection while sellers maintain leverage. Single-family homes dominate the mix, and the year-over-year price growth of 1.7% indicates the market is grinding steadily upward rather than experiencing dramatic swings.
Burbank Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 91505 | 19 | $1,258,000 | $895 | 59 |
| 91506 | 18 | $1,155,000 | $866 | 64 |
| 91504 | 14 | $1,408,875 | $711 | 46 |
| 91501 | 6 | $1,685,000 | $604 | 73 |
| 91502 | 2 | $787,500 | $663 | 45 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 36 | $1,309,000 | $896 |
| MULTI_FAMILY | 13 | $1,560,000 | $524 |
| CONDOS | 4 | $647,500 | $618 |
| TOWNHOMES | 3 | $700,000 | $477 |
| CONDO | 2 | $747,500 | $532 |
| OTHER | 1 | $1,165,500 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 8 |
| $750K+ | 51 |
Current Active Listings
As of this report, there are 190 active listings in Burbank with a median asking price of $1,200,870 and an average of 60 days on market.
Thinking About Selling Your Burbank Home?
If you're a homeowner in Burbank considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Burbank and throughout Los Angeles County — get a no-obligation cash offer today.