Burlingame Housing Update: Prices Diverge as Spring Activity Builds
Burlingame, CA – March 8, 2026 – Home values remain elevated while recent sales show sharp year-over-year swings and tight inventory this spring.
Burlingame’s housing market is entering the spring season with mixed signals: headline values remain high, while recent monthly sales data shows notable year-over-year swings.
Top takeaways
- Median sale price was $1.5M in January, down year over year, with 9 homes sold.
- Zillow’s typical home value sits near $2.57M, up 3.7% from a year ago.
- Inventory remains tight on the Peninsula, even as rates hover below 6%.
Prices and sales activity
According to Redfin, the median sale price in January 2026 was $1.5M, with homes averaging 59 days on market and 9 closed sales for the month. That marks a sharp drop from the same time last year, though monthly figures in smaller cities can swing significantly based on a handful of transactions.
Broader value metrics remain elevated. Zillow reports a typical home value of about $2.57M, up 3.7% year over year as of January 31, 2026. A separate February update based on MLS data shows a $3.0M median sale price for houses, 6 median days on market, and average sale-to-list ratios above 100%, underscoring continued competition for well-priced homes.
Inventory and buyer mood
Regional updates in early March note mortgage rates holding below 6%, helping bring buyers back into the market. On the Peninsula, including Burlingame, supply is still described as tight compared with parts of the East Bay. Move-in-ready homes are drawing the strongest interest, while properties needing work may take longer to sell.
Active listings remain limited relative to demand, reinforcing the city’s reputation as a competitive micro-market within San Mateo County.
What’s for sale now
Current listings range from luxury estates to smaller single-family homes and condos, with asking prices spanning well above $1M. Buyers can find updated multi-bedroom homes in established neighborhoods as well as higher-end properties targeting the $3M-plus segment.
Are you seeing more competition, more price cuts, or more listings in your neighborhood this spring?
Sources
https://www.redfin.com/city/2350/CA/Burlingame/housing-market
https://www.zillow.com/home-values/17235/burlingame-ca/
https://julianalee.com/burlingame/burlingame-statistics.htm
https://www.twinhomebuyer.com/early-march-2026-bay-area-housing-update/
https://www.redfin.com/city/2350/CA/Burlingame