Condos Market Report

March 2024 Condos Market — Burnaby

The Burnaby condos market recorded 221 sales in March 2024 at an average sold price of $746,749. This report covers sales volume, pricing, and days on market for condos specifically.

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Buyer's MarketBurnaby condos is currently a buyer's market. 6.1% sales-to-active listings ratio — homes selling in an average of 51 days, at an average sold price of $689,252 — well-priced properties are attracting strong demand.
221
Condos Sold
$747K
Avg Sold Price
23d
Avg Days on Market
$108,755
Avg $/sqft

March 2024 Condos Snapshot

Condos Sold221
Avg Sold Price$746,749
Avg Days on Market23 days
Avg Price per ft²$108,755

Condos Market Trend — Burnaby

Sales Volume & Avg Sold Price — up to 24 months
MLS® data · sold properties
MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 202668$685,71449d$168,340Buyer's
August 2026136$655,61852d$187,074Buyer's
July 2026164$651,22740d$134,518Buyer's
June 2026174$682,77643d$178,010Buyer's
May 2026153$700,03539d$128,839Buyer's
April 2026162$664,56640d$144,380Buyer's
March 2026160$701,01846d$210,858Buyer's
February 2026144$715,65543d$239,085Buyer's
January 2026114$678,70152d$116,294Buyer's
December 2025103$674,26254d$173,868Buyer's
November 2025144$705,55245d$170,247Buyer's
October 2025148$696,05339d$171,230Buyer's
September 2025172$708,70644d$152,541Buyer's
August 2025176$722,29742d$140,182Buyer's
July 2025233$678,34634d$126,986Balanced
June 2025178$733,34938d$192,053Buyer's
May 2025191$699,17632d$150,522Balanced
April 2025177$720,81040d$151,809Buyer's
March 2025167$747,04831d$175,250Balanced
February 2025138$736,19235d$146,147Balanced
January 2025151$788,55849d$234,373Buyer's
December 2024137$726,01242d$144,154Buyer's
November 2024170$740,79435d$138,424Balanced
October 2024232$758,35131d$168,920Balanced
September 2024203$746,93028d$149,418Balanced
August 2024186$740,81840d$192,410Buyer's
July 2024227$746,21730d$144,485Balanced
June 2024209$746,36425d$140,824Balanced
May 2024217$733,45822d$130,071Balanced
April 2024208$770,60224d$179,381Balanced
March 2024221$746,74923d$108,755Balanced
February 2024165$781,19626d$184,478Balanced
January 2024172$755,64243d$126,019Buyer's
December 2023109$731,60939d$161,596Buyer's
November 2023150$778,63036d$166,121Buyer's
October 2023151$717,92627d$156,224Balanced

Frequently Asked Questions — Burnaby Condos

How did the Burnaby condos market perform in March 2024?+
In March 2024, 221 condos sold in Burnaby at an average price of $746,749, with condos spending an average of 23 days on the market at $108,755 per square foot. Buyers had more choice and negotiating leverage.
What is the absorption rate for condos in Burnaby?+
Burnaby condos has a sales-to-active listings ratio (SALR) of 6.1%, below the 12% threshold that defines a buyer's market. There are more homes available relative to demand, giving buyers more time to consider their options and more room to negotiate on price and conditions. Sellers may need to price competitively to attract offers.
Is it a good time to buy a condo in Burnaby?+
The condos segment in Burnaby is currently a buyer's market. The average sold price for condos is $689,252. Whether now is the right time depends on your personal timeline and budget. A well-informed local agent can identify current value opportunities and help structure a competitive offer in today's condos market.
What does the March 2024 market mean for condo sellers in Burnaby?+
In March 2024, condos sellers faced more competition with increased supply. Pricing accurately and investing in presentation were the key differentiators for a timely sale.
How did March 2024 compare to February 2024 for condos in Burnaby?+
Compared to February 2024, condos sales in Burnaby were up 34% (165 vs 221 sold) and the average sold price was down 4% to $746,749.
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