Burlington Real Estate Market: January 2025 Review

The first month of 2025 has set an intriguing tone for Burlington’s real estate market. With 141 transactions recorded across all property types, the market reflects a mix of stability and competitiveness. Whether you are considering buying or selling, understanding the trends in pricing, demand, and market dynamics can help you make informed decisions.

Let’s break it down.

Market Overview: Key Numbers

• Total Sales Volume: 141 transactions

• Average Sale Price: $1,113,925

• Median Sale Price: $975,000

• Average Days on Market: 46 days

• Sale Price to List Price Ratio (SP/LP): 98%

• Transactions Above List Price: 16.3%

• Total Dollar Volume: $157,063,400

For Buyers: What This Market Means for You

If you’re looking to buy in Burlington, here’s what you need to know:

• Competition Remains in Play: While the average home is selling at 98% of the listing price, a notable 16.3% of sales closed above asking, indicating strong demand in select price ranges and property types.

• Segment-Specific Trends: Detached homes had a median price of $1.3 million, with townhouses and condo apartments sitting lower at $928,500 and $560,000, respectively. Buyers should consider which segment aligns with their budget and lifestyle needs.

• Longer Days on Market for Condos: With an average of 58 days on the market, condo apartments provide more breathing room for negotiations compared to detached homes, which averaged 40 days.

• Affordability Options: Condo apartments and condo townhouses remain viable entry points into the market, with sales ranging from $300,000 to $1.2 million.

For Sellers: What to Expect in 2025

• Pricing is Key: While homes are selling close to their listing price, buyers are price-sensitive. The average days on market (46 days) suggests that properly priced homes will sell within a reasonable timeframe, while overpriced listings may linger.

• Luxury Market Still Active: Homes above $2 million saw 11 sales, proving that demand for high-end properties remains steady in Burlington.

• Townhouses and Condos Need Strategic Selling: Given the longer time on market, condo sellers must highlight value, location benefits, and competitive pricing to attract serious buyers.

• Detached Homes Dominate Transactions: With 59 detached home sales making up 41.84% of the market, they remain the most sought-after property type, particularly those in the $1 million to $1.5 million range.

Trends to Watch

1. Rising Buyer Selectivity – As mortgage rates stabilize, buyers are becoming more cautious about pricing and value, leading to longer negotiations.

2. Market Resilience in Mid-to-High Price Ranges – Sales between $900,000 and $1.5 million remain strong, reflecting Burlington’s continued appeal among move-up buyers.

3. Increased Condo Interest – With affordability being a major factor, condos and townhouses are gaining traction, especially among first-time buyers and downsizers.

4. Seasonal Market Trends – Historically, February and March see a rise in activity, making the next few months crucial for sellers to position their homes strategically.

Final Thoughts

Burlington’s real estate market continues to offer both opportunities and challenges for buyers and sellers. As a seasoned real estate broker with deep expertise in this market, I can help you navigate these dynamics with confidence. If you’re thinking of making a move, let’s connect and develop a strategy that aligns with your goals.

Roshan Basnet | Real Broker Ontario Ltd., Brokerage ‘Keep What’s Yours!’ – 1% Listing Commission & 0.5% Buyer Rebate

📞 Contact Me Today 647.818.7373 to discuss your real estate goals in Burlington!

Roshan Basnet is a seasoned real estate broker with extensive experience in the Oakville and Burlington markets. Known for his personalized approach and deep market knowledge, Roshan is dedicated to helping clients make informed decisions and achieve their real estate goals. Whether buying or selling, working with Roshan means partnering with a trusted expert who ensures a smooth and successful real estate journey.