Burbank real estate

Burbank CA Housing Market: Prices and Trends in 2026

Burbank home-value and sales figures vary by source and measure. This dated snapshot clarifies what the available data shows and how to use it when weighing a move or sale.

Housing Ledger Editorial

28 Sep 2026 • 7 min read

Burbank CA housing market figures show a high-priced market, but the latest snapshots use different measures: Zillow puts the median home value at $1,176,932 as of August 2026, while Redfin reports an average house price of $1.18 million last month, down 4.1% from a year earlier. ^[1] ^[2] These numbers are related signals, not interchangeable estimates of one exact market price.

For a useful snapshot, keep the measure and reporting period attached to each figure. Zillow’s number is a median home value; Redfin’s is an average house price, and the two providers’ figures may reflect different data and timing. ^[1] ^[2] For example, when you compare a home-value estimate with an average house price, label each clearly instead of treating the difference as a change in the same measure.

The dated snapshot here is August 2026, the date Zillow gives for its median value; Redfin describes its $1.18 million figure as the average price “last month,” so that reporting period is not stated as a specific calendar month in the result. ^[1] ^[2] Use the figures as context for the market at those reporting points, not as a quote for a particular home. To assess a specific property, you’ll need details such as its location, condition, and comparable nearby sales.

How much do homes cost in Burbank?

Burbank’s reported home-price figures are close in size, but they measure different things: Zillow’s median home value was $1,176,932 as of August 2026, while Redfin reported an average house price of $1.18 million last month, down 4.1% year over year. ^[1]^[2]

Reading the figures

A median home value and an average house price are not interchangeable measures. Zillow’s figure is a median home value; Redfin’s is an average house price. ^[1]^[2] A median identifies the middle of the values in its measure, while an average is calculated by adding the measured prices and dividing by the number of observations. As a result, the figures can differ even when both describe Burbank housing.

For example, if you are comparing a home estimate with prices from recent sales, first check whether each figure describes estimated values or sale prices, and whether the dates match. Do not treat Zillow’s median and Redfin’s average as one definitive citywide price; use each as a separate snapshot of its own measure. ^[1]^[2]

The two headline amounts are similar, but that does not mean they describe the same homes or calculation. ^[1]^[2] The reported 4.1% decline belongs to Redfin’s average house price, not to Zillow’s median home value. ^[2] Keep that distinction in mind when you read a market summary or compare a particular property with a citywide figure: the statistic’s definition matters as much as its dollar amount.

A Burbank home sits behind a low front yard with a for-sale sign, illustrating local home prices.

How competitive is the market, and how much is for sale?

Redfin’s 65-of-100 score describes Burbank as somewhat competitive, but it is a provider-specific signal, not a count of homes or a guarantee that every listing will draw multiple offers. ^[2] Treat it as one input alongside the specific properties you are considering and how recently their listing information was updated.

Why listing counts differ

Published listing totals can vary because providers capture information at different moments and may use different definitions of a listing. For example, the reported counts range from 189 homes for sale on Homes.com to 203 on Strong Realtor and 205 residential listings on Berkshire Hathaway HomeServices California. ^[3]^[4]^[5] Those figures are snapshots, so they should not be read as a single, exact count of homes available at the same time.

A listing total also does not tell you whether a property is active, pending, or a good match for your needs. If you are comparing a detached home with a condo, for example, a citywide count may include properties that are not realistic alternatives for you. Check how each site labels listings before comparing its total with another provider’s figure.

What to check before you decide

For a buying or selling decision, review current active listings and pending sales in the relevant part of Burbank. This gives you a more useful view of what is competing for attention now than an older citywide count. Verify that listings are still active, and compare similar property types, locations, and conditions.

If you are considering a specific home, note whether similar nearby listings are active or pending; if you are preparing to sell, check which comparable properties remain active. Recheck the status close to the time you make an offer or set a listing plan, because a snapshot can change.

Prospective buyers walk through a Burbank open house as they compare homes available in the neighborhood.

Are Burbank prices rising or falling?

Burbank’s recent price direction depends on which measure and period you use: Zillow showed a small monthly increase and no year-over-year change through August 2026, while Redfin reported a year-over-year decline. ^[1] ^[2]

Zillow’s median home value rose 0.2% from the prior month and was unchanged year over year as of August 2026. ^[1] Redfin, by contrast, reported that its average Burbank house price was down 4.1% from a year earlier. ^[2] These readings are not interchangeable: one is a median home-value measure, while the other is an average house-price figure.

A separate local report found Burbank’s average sale price increased from April 2025 to April 2026. ^[6] That comparison describes the average sale price across those two months; it does not show that every home’s price rose or that the broader market followed the same path.

Why the trend readings differ

The figures cover different time windows and use different price statistics, so they can point in different directions without directly contradicting one another. ^[2] ^[1] ^[6] For example, a monthly median-value estimate can tick up while an annual average-price measure falls; the homes included in sales during a particular month can also differ from the homes represented by a value estimate.

Use each figure for the question it answers. For a current decision, compare recent sales of similar homes in the same part of Burbank and pay attention to the dates and statistic being compared, rather than treating one citywide trend as a complete account of every property.

What should buyers and sellers take from these figures?

Use the figures as context, then judge a specific Burbank property against recent closed sales, current listings, and its condition. A citywide figure can help frame your search, but it cannot account for differences such as a home’s upkeep or how its asking price compares with nearby options.

If you’re buying

Start with homes that are similar in location, size, and condition, and check what they actually sold for. Then compare those sales with properties currently listed; for example, a renovated home and a fixer-upper may not be useful comparisons even if they are close together. Treat this as a way to organize your research, not as a substitute for evaluating the property in front of you.

Keep three price types separate: an asking price is what a seller is requesting, an estimate is a valuation figure, and a closed-sale price is what a buyer paid in a completed transaction. These figures can differ, so don’t assume a listing price or estimate shows what a home will sell for. For example, compare a home’s current asking price with the final prices of nearby, similar homes that have sold.

If you’re selling

Review comparable nearby closed sales and competing listings before setting expectations. A nearby listing shows what another seller is asking, while a completed sale gives you a record of a transaction; neither alone guarantees what your home will sell for. Consider whether the comparison properties match your home’s condition and features, rather than relying only on a broad citywide figure.

Before deciding on a price, look at the property-specific details behind each comparison. If the homes differ in upkeep, features, or location, explain those differences in your assessment instead of treating their prices as interchangeable. This gives you a clearer basis for discussing expectations with a real estate professional.

What about rents, and what can this snapshot tell you?

Treat it as a reference point, not a quote for a particular home or a guarantee of what you will pay.

What the rent figure can—and cannot—tell you

A citywide median summarizes rents across the homes included in the measure; it does not tell you the rent for a specific apartment or house. A property’s location, size, condition, and included features may make its rent different from that midpoint. For example, use the reported figure as a starting point for comparison, then look at similar rentals in the neighborhood you are considering.

The same limit applies to a homeowner estimating potential rent: one citywide figure cannot set an individual property’s rental value. Compare properties with similar layouts and locations, and check what is actually available near the home. A broad median can help frame your search, but it cannot replace property-level comparisons.

Check current information before acting

Because the reported result has no measurement date, check the latest local rental data and current listings before making a time-sensitive decision. If you are planning a move, compare available homes shortly before you apply; if you are estimating rent for a property, verify current asking rents for similar nearby homes. That gives you a more relevant view than relying on an undated citywide number alone.

How to use the Burbank market snapshot

Burbank remains a high-price market, but its recent direction depends on which measure and period you use. Zillow reported a median home value of $1,176,932 as of August 2026, while Redfin reported an average house price of $1.18 million and a 4.1% year-over-year decline. ^[1] ^[2] A separate local update reported that Burbank’s average sales price rose from $1,218,000 in April 2025 to $1,290,000 in April 2026. ^[6]

For your own decision, compare figures that match the same property type, location, and time period. For example, if you are considering a particular home, look at recent nearby sales of similar homes rather than treating a citywide figure as its expected sale price. If you are reviewing a trend, keep the measure and dates consistent instead of comparing a monthly value change with a year-over-year sale-price change.

Before you make an offer or set a listing price, verify current inventory and comparable transactions for the specific area and property. A citywide snapshot can orient you, but local listings and recent sales are more useful for judging the options in front of you.