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| MAY 2025 | |||
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| Zip Code(s): 22015 | |||
| Units Sold 67 |
Active Inventory 47 |
Median Sale Price $820,000 |
Days On Market 7 |
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| Up 16% Vs. Year Ago |
Up 15% Vs. Year Ago |
Down -1% Vs. Year Ago |
Up 17% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 67 sold this month in Burke Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 6 units or 15%. The total number of active inventory this May was 47 compared to 41 in May 2024. This month's total of 47 is lower than the previous month's total supply of available inventory of 59, a decrease of 20%. |
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Median Sale Price
Last May, the median sale price for Burke Homes was $829,000. This May, the median sale price was approximately the same at $820,000. The current median sold price is 1% lower than in May 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 49 |
Current Contracts 57 |
Sold Vs. List Price 102.4% |
Months of Supply 0.7 |
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| Down -4% Vs. Year Ago |
Up 21% Vs. Year Ago |
Down -3% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In May, there was 0.7 months of supply available in Burke. The amount of supply is similar compared to 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. |
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New Listings & Current Contracts
This month there were 49 homes newly listed for sale in Burke compared to 51 in May 2024, a decrease of 4%. There were 57 current contracts pending sale this May compared to 47 a year ago. The number of current contracts is 21% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Burke was 102.4% of the average list price, which is 3.2% lower than at this time last year. Days on Market
This month, the average number of days on market was 7, higher than the average last year, which was 6, an increase of 17%. | |||
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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. |
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