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
Zip | Median Est. Value |
---|---|
22015 | $ 644,104 $ 326/sqft |
Housing Market Summary for Burke, VA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $557.2K | $658.9K | 18.25% |
Median Sold Price | $601.4K | $658.9K | 9.57% |
Homes For Sale | 44 | 37 | -15.91% |
Homes Sold | 318 | 307 | -3.46% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Burke, VA
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.
- Pre-ForeclosurePre-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 OwnedThe 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.
- Auctions22015 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.
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Guide for Burke, VA
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.
Virginia Foreclosure Laws
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