Burke, VA Home Values & Market Trends

Real estate market trends reflect that there have been 548 transactions over the past year in Burke. The median value for residential home transactions that occurred over the previous year is $650,284.82. The number of current listings in Burke is 36, and the percentage of properties for sale in the city is 36.00%. Burke, VA currently has 4 properties in foreclosure, 0 bank owned properties, 4 properties headed for auction, and 36 properties for sale.

Burke, VA Real Estate Market Overview

ZipMedian Est. Value
22015

$ 644,104

$ 326/sqft

Housing Market Summary for Burke, VA

Mar 2023February 2024Change
Median Listing Price$557.2K$658.9K18.25%
Median Sold Price$601.4K$658.9K9.57%
Homes For Sale4437-15.91%
Homes Sold318307-3.46%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Burke, VA

Burke home values range from $48,748 to $2,370,230. The median estimated value of a home in Burke is $650,284.82. The median list price of a home is 492,000, and the total count of properties in the city is 14,172.

Foreclosure
There is 1 zips within Burke, VA; within this zips, the median estimated home value for homes in foreclosure ranges from $833,463 in 22015 to the lowest value of $518,986 in 22015. Foreclosure homes account for 0.00% of properties in Burke, VA with 22015 containing 4 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Burke, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Burke, VA; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Burke, VA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Burke, VA. There is 1 zips within Burke, VA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    22015 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Burke, VA. Auction homes and other auction properties account for 0.03% of all properties in Burke, VA. There is 1 zips within Burke, VA; of that zips, the median estimated home value for homes going to auction ranges from $833,463 in 22015 to the lowest value of $518,986 in 22015.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.25% of residential properties in Burke, VA with 22015 containing 36 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Burke, VA; homes for sale in that zips, have a range of median values from $1,399,999 in 22015 to the lowest value of $296,061 in 22015.
    Sold Homes
    The median value for recently sold homes ranges from $1,540,855 in 22015 to the lowest price of $49,743 in 22015. There is 1 zips within Burke, VA. 22015 has 288 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.03% of properties in Burke, VA.

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      Guide for Burke, VA

      Market Reports
      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
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      Home Buying Guides & Tips
      Virginia Foreclosure Laws
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      Home Buying Financing
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      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      Market Reports|posted 13 February 2024

      The property market in Virginia Beach, VA, has generally seen an increase in property values, per square foot values, and sold prices from 2022 to 2023. Factors such as economic growth and societal changes may contribute to this upward trend.

      gavel for real estate auction
      Virginia Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2015

      Virginia Foreclosure Laws

      4 Tips on How To Buy a House Wholesale
      Wholesale|posted 8 March 2024

      Looking to buy a house wholesale? Discover 4 essential tips to navigate the wholesale real estate market successfully.

      A new home
      How Much Should You Spend On Your First Home?
      Home Buying Financing|posted 6 March 2024

      Learn about the key factors to consider when determining how much to spend on your first home.

      Recently Listed Homes Burke, VA

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