BURKE HOUSING MARKET DATA

There was a decrease in total units sold in August, with 40 sold this month in Burke Real Estate versus 53 last month, a decrease of 25%. This month's total units sold was higher than at this time last year, an increase of 3% versus August 2024.

Versus last year, the total number of homes available this month is lower by 11 units or 22%. The total number of active inventory this August was 40 compared to 51 in August 2024. This month's supply remained stable as compared to last month.

Last August, the median sale price for Burke Homes was $650,000. This August, the median sale price was $660,000, an increase of 2% or $10,000 compared to last year. The current median sold price is 4% lower than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 1.0 months of supply available in Burke, compared to 1.3 in August 2024. That is a decrease of 24% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 32 homes newly listed for sale in Burke compared to 44 in August 2024, a decrease of 27%. There were 26 current contracts pending sale this August compared to 32 a year ago. The number of current contracts is 19% lower than last August.

In August, the average sale price in Burke was 100.3% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 16, which is similar compared to a year ago.





FOCUS ON: BURKE HOUSING MARKET			AUGUST 2025

Zip Code(s): 22015
Units Sold 40	Active Inventory 40	Median Sale Price $660,000	Days On Market 16

Up 3% Vs. Year Ago	Down -22% Vs. Year Ago	Up 2% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 40 sold this month in Burke Real Estate versus 53 last month, a decrease of 25%. This month's total units sold was higher than at this time last year, an increase of 3% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 11 units or 22%. The total number of active inventory this August was 40 compared to 51 in August 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last August, the median sale price for Burke Homes was $650,000. This August, the median sale price was $660,000, an increase of 2% or $10,000 compared to last year. The current median sold price is 4% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 32	Current Contracts 26	Sold Vs. List Price 100.3%	Months of Supply 1.0

Down -27% Vs. Year Ago	Down -19% Vs. Year Ago	Down -0.6% Vs. Year Ago	Down -24% Vs. Year Ago


		Months of Supply In August, there was 1.0 months of supply available in Burke, compared to 1.3 in August 2024. That is a decrease of 24% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 32 homes newly listed for sale in Burke compared to 44 in August 2024, a decrease of 27%. There were 26 current contracts pending sale this August compared to 32 a year ago. The number of current contracts is 19% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Burke was 100.3% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 16, which is similar compared to a year ago.


	Burke are defined as properties listed in zip code/s 22015.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.