The Burlington market continues to be HOT! Homes are selling for above asking price. The average price of single family homes has risen quite a bit over the last couple of years. The third quarter of 2014 clearly shows this continuing trend.
Single Family Property Prices for Burlington MA – 3rd Quarter
Average Price of Homes Closed
The average sales price in Burlington MA for the 3rd quarter increased 14.25% from $449,276 (in 2013) to $513,284 (in 2014). Prior to that, it increased 14.05% from $393,934 (in 2012) to $449,276 (in 2013). That after a -2.31% change. These figures present no consistent pattern during the past few years.
| 2010 |  $409,122 |
| 2011 | $403,232 |
| 2012 | $393,934 |
| 2013 | $449,276 |
| 2014 | $513,284 |
Lowest Price of Listings Sold
The lowest selling price in Burlington MA for the 3rd quarter decreased -9.51% from $270,750 (in 2013) to $245,000 (in 2014). During the previous period, it increased 59.26% from $170,000 (in 2012) to $270,750 (in 2013). Previous to that there was a -32% change.
| 2010 |  $224,800 |
| 2011 | $250,000 |
| 2012 | $170,000 |
| 2013 | $270,750 |
| 2014 | $245,000 |
Median Price
The median price in Burlington MA for the 3rd quarter increased 8.34% from $419,500 (in 2013) to $454,500 (in 2014). During the prior period, it increased 4.88% from $400,000 (in 2012) to $419,500 (in 2013). Before that was a 1.41% change.
| 2010 |  $400,000 |
| 2011 | $394,450 |
| 2012 | $400,000 |
| 2013 | $419,500 |
| 2014 | $454,500 |
Top Sale Price of Properties Sold
The highest sale price in Burlington MA for the 3rd quarter increased 14.72% from $815,000 (in 2013) to $935,000 (in 2014). During the prior period, it increased 26.6% from $643,750 (in 2012) to $815,000 (in 2013). Prior to that was a 7.29% change.
| 2010 |  $780,000 |
| 2011 | $600,000 |
| 2012 | $643,750 |
| 2013 | $815,000 |
| 2014 | $935,000 |
Burlington MA Single Family Average Prices Of Properties Sold For 3rd Quarter 2014
For additional Burlington MA single family average prices of properties sold for 3rd quarter 2014 or reports for nearby areas, please contact Peter DaMore, Attorney at Law Offices of Peter T. DaMore Jr. by calling 781-229-7900 or emailing pdamore@ptdlaw.com. Note: This information was obtained from third party sources including county records and the MLS Property Information Network, Inc. They are intended to offer a general overview of the market, are not guaranteed accurate, and may not necessarily include every single family sold in Burlington.