Burlington, MA Real Estate: 6 Market Stats Homebuyers Should Know

Median home prices and sales increased through October 2015 in Burlington, Massachusetts, according to data compiled by the Massachusetts Association of Realtors. Condominium prices and sales also increased. The following are six statistics homebuyers should know about the Burlington real estate market.

1. The median price of a single-family home increased 6.5 percent through October 2015 to $485,000 compared with $455,500 during the same 10-month period in 2014. 

2. There were 175 houses sold from January through October, a 2.9 percent increase from the same time frame last year.

3. Homebuyers paid on average 99.7 percent of the original list price for single-family homes during the first ten months of 2015. 

4. Single-family home inventory increased from 36 available homes in October 2014 to 44 in October, a 22.2 percent increase. 

5. The median condo price through October increased 12.6 percent to $462,450. 

6. Condominium buyers paid on average 99.3 percent of the original list price from January through October. 

Nearby communities: Bedford, MA and Wilmington, MA.