Burlingame Housing Market Report – May 2026
Here's a look at how the Burlingame, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 27
- Median Sale Price: $3,125,000
- Average Sale Price: $3,189,167
- Average Price Per Sq Ft: $1,423
- Average Days on Market: 35
- Sale-to-List Price Ratio: 107.8%
Month-Over-Month Trends
Compared to April, the median sale price in Burlingame moved 1.3% up (from $3,085,000 to $3,125,000). The number of homes sold was 15.6% down compared to the prior month (32 vs. 27). Average days on market shifted 6.1% up (33 days to 35 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 9.6% up (from $2,852,375 to $3,125,000). Sales volume is 12.5% up year-over-year.
What This Means
Burlingame's real estate market continues its upward momentum, with median prices climbing 9.6% year-over-year to $3.125 million. Buyers are clearly willing to pay a premium here—homes are selling above asking price with a 107.8% sale-to-list ratio, a telling sign of persistent demand in this Peninsula community. The slight month-over-month price increase of 1.3% suggests the market remains steady heading into summer, despite seasonal inventory challenges.
What's worth noting is the slowdown in transaction speed. Homes are spending 35 days on market now, up from 33 days last month and a meaningful shift from typical spring patterns. This four-day bump might simply reflect normal late spring seasonality, but it's worth watching as we head deeper into summer. With only 27 sales in May compared to 32 in April, the market is tightening a bit—though this could partly reflect normal monthly variation rather than a dramatic shift.
The active inventory of 35 listings tells an interesting story. These homes are sitting longer than sold properties, averaging 51 days on market with asking prices significantly below recently sold comps. This gap suggests sellers are testing the waters with more conservative pricing, perhaps reflecting some caution about where the market's heading. For buyers, this could mean slightly better negotiating room than recent months offered.
Burlingame Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94010 | 27 | $3,125,000 | $1,423 | 35 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 22 | $3,325,000 | $1,542 |
| CONDOS | 3 | $1,125,000 | $868 |
| TOWNHOMES | 2 | $1,545,000 | $943 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 1 |
| $750K+ | 26 |
Current Active Listings
As of this report, there are 35 active listings in Burlingame with a median asking price of $1,998,000 and an average of 51 days on market.
Thinking About Selling Your Burlingame Home?
If you're a homeowner in Burlingame 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 Burlingame and throughout San Mateo County — get a no-obligation cash offer today.