Monthly market wrap MONTHLY MARKET WRAP Burlingame All home types · May 2026 Burlingame held steady in May: the key market signals were mixed. Median sale price $3.13M ▼ -1.9% vs Apr Time to pending 11d ▲ 1 day slower vs Apr Sold over asking 59% ▲ +2 pts vs Apr Active listings 23 ▼ -11.5% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Burlingame All home types · May 2026 Most Burlingame homes are still selling over asking (59%). Price to invite competition. 107.8% average sale price vs. asking price Sold over asking 59% vs. a year ago -6 pts 106.0% 103.6% 101.3% Sold at asking price 107.8% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP Burlingame All home types · May 2026 Burlingame homes are closing +7.8% above asking. The list price is the floor, not the ceiling. +$403K median sale price minus asking price Median asking price $2.72M Median sale price $3.13M $3.22M $2.55M $1.88M Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Burlingame All home types · May 2026 Burlingame home values are climbing, up +9.6% in a year. $3.13M median sale price Year over year +9.6% Homes sold last month 27 $3.07M $2.59M $2.11M $3.13M Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Burlingame All home types · May 2026 Burlingame homes are flying off the market in 11 days, 2 days faster than last year. 11 days median time to pending Gone within two weeks 62% vs. a year ago 2 days faster 68d 45d 23d 11d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Burlingame All home types · May 2026 Burlingame inventory is down 25.8% year over year, keeping buyer choice tight. 23 active listings Year over year -25.8% Months of supply 0.9 29 23 17 23 Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in Burlingame? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS Burlingame All home types · May 2026 1 in 4 Burlingame listings cut its asking price last month, down 13 pts from a year ago. 26% of active listings cut their asking price vs. a year ago -13 pts Active listings 23 34% 25% 15% 26% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Burlingame All home types · May 2026 62% of Burlingame homes went pending within two weeks. Priced-right listings do not wait. 62% of listings went pending within two weeks Median time to pending 11 days vs. a year ago +17 pts 57% 36% 14% Half of listings 62% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Burlingame All home types · May 2026 January is historically Burlingame's calmest month for buyers: 5.3 pts less over-asking than April. January historically the calmest month for buyers Buyer's edge vs April -5.3 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -2.8 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE Burlingame All home types · May 2026 A Burlingame home bought in 2016 has gained +55% in value since. +55% median sale price growth since 2016 Median price in 2016 $2.01M Average gain per year +4.5% $2.69M $2.36M $2.02M $3.13M May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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