The median home price in Burbank, CA for 2026 is about $1.16 million. This is the conclusion. According to Redfin data as of March 2026, the median sale price for single-family homes in Burbank is recorded at $1.16 million, which is a decrease of about 1.3% compared to the same period last year. Compared to the overheating during peak times, it can be interpreted that the market has entered a phase of stabilization.

Looking at the numbers in more detail, the polarization within the market is evident. For single-family homes, the median price in the first quarter of 2026 remains around $1.3 million, and particularly in the Magnolia Park area, single-family homes have seen a strong price defense with a 7.7% increase compared to the previous year. In contrast, the median price for condos and townhouses is $743,000, which has a lower entry barrier and serves as an alternative for potential homebuyers. The data shows that the price gap between different types of real estate has nearly doubled.

In terms of inventory, as of March 2026, the total listings in Burbank are 203, with a slight increase to 215 in April. The average time on the market is 49 days, which is slightly longer than the previous year (47 days). The sale-to-list price ratio is 100.3%, indicating that transactions are still occurring near the list price, with 48.3% of all transactions selling above the asking price. However, it is also noteworthy that 18.8% were sold after a price reduction.

The interest rate environment cannot be overlooked. As of May 21, 2026, Freddie Mac reported that the 30-year fixed mortgage rate is 6.51%. While this is lower than the peak levels of 2023 (in the high 7% range), the monthly payment burden for buyers remains significant. For a $1.16 million home with a 20% down payment at a 6.51% interest rate on a 30-year mortgage, the estimated monthly payment would be around $5,800. This figure is a key variable limiting a rapid price rebound in the Burbank market.

• March 2026 Burbank median home price: $1.16 million (Redfin)
• Year-over-year price change: -1.3% (Redfin, March 2026)
• Single-family home median price Q1: approximately $1.3 million
• Magnolia Park single-family home YoY increase: +7.7%
• Condo/townhouse median price: $743,000
• Average time on market: 49 days (previous year 47 days)
• Sale-to-list price ratio: 100.3%
• 30-year fixed mortgage rate: 6.51% (Freddie Mac, May 21, 2026)
• Active listings as of March: 203

Data indicates that the Burbank market is a typical seller's market, but it is moving towards a more balanced state compared to the past. The price decline being around 1% is due to the limited supply. Given the city's structure, where new single-family home construction is virtually nonexistent, demand will inevitably concentrate on existing listings, which is a structural factor that lowers the likelihood of sharp price adjustments. However, as long as interest rate burdens and economic uncertainties persist, it is unlikely that Burbank home prices will experience a significant upward shift in 2026.

(Source: Redfin Burbank Housing Market 2026, Strongrealtor.com Burbank Market Trends 2026, Freddie Mac Primary Mortgage Market Survey May 2026, Realtor.com Burbank Market Data March-April 2026 / This article is not investment or legal advice, and it is recommended to consult a professional before making any actual contracts.)