Burbank, IL Home Values & Market Trends
Real estate market trends reflect that there have been 311 transactions over the past year in Burbank. The median value for residential home transactions that occurred over the previous year is $269,690.87. The number of current listings in Burbank is 19, and the percentage of properties for sale in the city is 19.00%. Burbank, IL currently has 48 properties in foreclosure, 1 bank owned properties, 4 properties headed for auction, and 19 properties for sale.
Burbank, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60459 | $ 329,900 $ 218/sqft |
Housing Market Summary for Burbank, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $279.9K | $271.2K | -3.11% |
| Median Sold Price | $255.8K | $271.2K | 6.04% |
| Homes For Sale | 11 | 15 | 36.36% |
| Homes Sold | 195 | 140 | -28.21% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Burbank, IL
Browse Homes in Burbank, IL
Burbank home values range from $32,479 to $1,138,625. The median estimated value of a home in Burbank is $269,690.87. The median list price of a home is 349,000, and the total count of properties in the city is 8,412.
- Pre-ForeclosurePre-foreclosure homes account for 0.51% of all residential properties in Burbank, IL with 60459 containing 43 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Burbank, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $506,537 in 60459 to the lowest home value of $133,173 in 60459.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Burbank, IL ranges from the highest value of $206,221 in 60459 to the lowest value of $206,221 in 60459. Bank owned homes and properties account for 0.01% of properties in Burbank, IL. There is 1 zips within Burbank, IL; 60459 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60459 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Burbank, IL. Auction homes and other auction properties account for 0.05% of all properties in Burbank, IL. There is 1 zips within Burbank, IL; of that zips, the median estimated home value for homes going to auction ranges from $333,105 in 60459 to the lowest value of $216,798 in 60459.
Compare Nearby Cities
More Real Estate Resources for Burbank, IL
Guide for Burbank, IL
Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.
A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.
Sometime we need to make changes to our budget to cope with higher interest rates. Here are some tips!
When house prices increase near good school, what options do home buyer have?
