Burlingame, CA Real Estate | Sternsmith Group

Burlingame, CA Housing Market Trends

The Burlingame housing market is among the most competitive in the region, with homes receiving an average of 9 offers and going under contract in just 13 days. In contrast to nearby markets seeing price corrections, Burlingame has experienced sharp growth—home prices surged 17.9% year-over-year to a median of $2.8M, while the price per square foot climbed 6.5% to $1,420. This rapid appreciation reflects sustained demand, limited inventory, and strong buyer confidence in the area’s long-term value. For buyers, it means navigating bidding wars and acting quickly; for sellers, it’s an ideal climate to maximize return.

Overview

In May 2025, Burlingame home prices surged 17.9% year-over-year to a median of $2.8M, underscoring the area’s continued desirability and strong demand at the high end. Despite the price increase, homes are still moving quickly—selling in an average of 13 days, just slightly longer than the 11-day average last year. Sales volume dipped marginally, with 24 homes sold this May compared to 26 last year, suggesting limited inventory may be contributing to upward price pressure and heightened competition among buyers.
Competitiveness

Burlingame is one of the most competitive housing markets in the Bay Area, with homes typically selling in just 12 days and attracting multiple offers—often with waived contingencies. On average, properties sell for about 4% above asking, reflecting strong buyer demand and limited inventory. The most sought-after homes can generate intense bidding wars, selling for up to 12% over list price and going under contract in as little as 7 days. In this fast-moving environment, buyers must act quickly and decisively, while sellers are well-positioned to command premium prices and favorable terms.
More Insights

Burlingame, CA is a strong seller’s market as of June 2025, with buyer demand significantly outpacing the available housing inventory. This imbalance continues to drive intense competition, resulting in multiple-offer scenarios, fast sales, and elevated pricing—often above asking. With homes typically going under contract in just 12 days and hot properties moving even faster, sellers are in a prime position to negotiate favorable terms and maximize returns. For buyers, this means facing limited options, quick decision-making, and the likelihood of bidding wars—especially for well-located, turnkey homes.

Burlingame, CA Guide

Thinking about living in Burlingame? Our in-depth neighborhood guide has everything you need to know! From top-rated schools and local dining to real estate trends and lifestyle amenities, we cover it all. Start exploring now and see why Burlingame is one of the most desirable places to call home!