Although October has ended, the October home price statistics for Burke have not yet been released. This is because the monthly transaction statistics for Northern Virginia are typically announced in mid-next month.

Therefore, this article compiles the most recent figures available at this time. I will include the sources and reference points for each figure.

First, let's look at home prices. According to Zillow's Home Value Index, the typical home price in Burke is $722,753 as of August 2026.

This represents an increase of 1.0% from a year ago and 0.4% from last month. It shows a stable trend without significant spikes or drops.

Foreclosure.com reported that as of October 14, the median home value in the Burke 22015 area is $743,536. This is a 2.17% increase compared to last year, but a 0.89% decrease from the previous month.

The difference of over $20,000 between the two figures is due to different calculation methods and scopes. Rather than one being incorrect, think of them as two thermometers pointing in the same direction.

Now, let's look at actual transaction prices. According to data compiled by local brokerage Fox Sells Faster, 42 homes were sold in Burke over a 30-day period ending August 1, with a median sale price of $647,500.

In the last 12 months, there were 465 transactions with a median price of $690,000. The median days on market for listings during that 30-day period was 6 days.

A 6-day timeframe means that after one weekend of open houses, offers are being made immediately. It is impressive to see that single-family homes and townhouses in Burke are still selling quickly, even from the perspective of someone who has observed this market for a long time.

Next, let's discuss rentals. Foreclosure.com reports that as of October 14, the median rent in the Burke 22015 area is $2,900 per month.

There has been no change compared to both the previous month and the previous year. This indicates that rents have effectively remained stable throughout the year.

However, there are significant differences by type. According to Trulia's June data, the average rent across Burke was $3,233, with apartments averaging $2,324 and houses around $4,200.

Zumper's May data also shows similar trends, with apartments at $1,938 and houses at $3,300. When looking at average rents, it's essential to verify whether the figures combine apartments and houses.

In Burke, the sample size is small, making it easy to miss trends. Therefore, it is advisable to also consider the overall statistics for Fairfax County in September.

According to FFXnow's report on October 12, the ShowingTime market stats indicate that there were 897 transactions in Fairfax County in September, down from 953 a year ago.

The overall average sale price was $903,940, which is a 3% increase. The average for single-family homes was $1,220,641, up 2%.

The average price for attached homes, such as townhouses, was $569,805, down 0.8%. Condos alone saw a significant drop of 10.3%, averaging $421,643.

The average market duration was 26 days, consistent with last year, and sale prices were formed at 98.3% of the initial listing price.

The most notable aspect of the September statistics was the increase in inventory. As of September 30, there were 2,326 listings in Fairfax County, a 36% increase from a year ago.

In contrast, the number of contracts in progress at the end of the month was 921, showing a double-digit percentage decrease from last year. With inventory increasing and contracts decreasing, it indicates that sellers may find it increasingly difficult to hold firm on prices.

However, the cumulative transactions from January to September totaled 9,374, which is 3.4% more than the 9,069 transactions during the same period last year. It is premature to conclude that the market has cooled for the entire year.

According to the Northern Virginia Association of Realtors (NVAR) data from August, the regional inventory stands at 2.13 months, which is a 14.8% increase from a year ago.

The association considers a balanced market to be around 5 to 6 months of inventory. Even with the increase in listings, the market still favors sellers.

The second issue to highlight is the weakness in condo prices. While single-family homes are rising, condos have seen double-digit declines, likely due to the burden of management fees and the impact of interest rates.

Burke has a fair number of condo and townhouse complexes. If you are considering a condo as your first home, now may be a good time to explore options as negotiation opportunities arise.

In summary, Burke is experiencing slight increases in home prices, stable rents, and a still-fast market pace. Across the county, the increase in inventory is broadening buyer choices.

If I were a buyer right now, I would start comparing conditions for condos and townhouses. Since competition for single-family homes is still fierce, it would be wise to get pre-approved and take my time.

If you are a tenant, given that rents have remained stable for a year, I recommend negotiating based on local market rates rather than simply accepting any increase during your lease renewal.

The official statistics for October are expected to be released by NVAR and Bright MLS around mid-November. Once the figures are available, I will revisit this summary for comparison.