Duplexes Market Report

March 2024 Duplexes Market — Burnaby

The Burnaby duplexes market recorded 8 sales in March 2024 at an average sold price of $1,698,125. This report covers sales volume, pricing, and days on market for duplexes specifically.

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Buyer's MarketBurnaby duplexes is currently a buyer's market. 3.3% sales-to-active listings ratio — homes selling in an average of 57 days, at an average sold price of $1,533,000 — well-priced properties are attracting strong demand.
8
Duplexs Sold
$1.7M
Avg Sold Price
14d
Avg Days on Market
$1,199,479
Avg $/sqft

March 2024 Duplexes Snapshot

Duplexs Sold8
Avg Sold Price$1,698,125
Avg Days on Market14 days
Avg Price per ft²$1,199,479

Duplexes Market Trend — Burnaby

Sales Volume & Avg Sold Price — up to 24 months
MLS® data · sold properties
MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20266$1,415,66749d$660,056Buyer's
August 20269$1,500,33361d$831,231Buyer's
July 202624$1,600,91741d$981,847Buyer's
June 202617$1,523,93058d$846,842Buyer's
May 202617$1,669,05923d$822,863Balanced
April 202615$1,720,97047d$944,218Buyer's
March 202617$1,643,21831d$951,263Balanced
February 20269$1,595,11155d$866,861Buyer's
January 202611$1,721,13031d$961,929Balanced
December 20258$1,967,27147d$803,219Buyer's
November 202514$1,758,80342d$967,556Buyer's
October 202514$1,794,45936d$929,104Buyer's
September 202514$1,717,53640d$1,100,393Buyer's
August 202515$1,803,63042d$975,971Buyer's
July 202512$1,615,49935d$935,743Balanced
June 20258$1,792,44118d$948,720Seller's
May 202517$1,687,01452d$1,029,008Buyer's
April 20258$2,063,50044d$1,321,271Buyer's
March 20255$1,867,76032d$1,500,260Balanced
February 20255$1,905,39031d$1,105,695Balanced
January 20258$1,608,84937d$1,130,460Buyer's
December 20246$1,589,33319d$986,000Seller's
November 202414$1,664,42965d$1,084,714Buyer's
October 202413$1,873,76121d$1,041,953Balanced
September 20247$1,897,31641d$973,420Buyer's
August 20247$1,766,38216d$1,152,834Seller's
July 202413$1,756,15438d$1,105,500Buyer's
June 202411$1,814,86428d$1,128,000Balanced
May 20249$1,772,33318d$1,325,667Seller's
April 202411$1,832,39111d$1,015,770Seller's
March 20248$1,698,12514d$1,199,479Seller's
February 20247$1,951,64362d$1,060,393Buyer's
January 20247$1,854,68750d$1,447,258Buyer's
December 20235$1,847,60027d$1,116,267Balanced
November 202310$1,574,06939d$1,303,319Buyer's
October 20239$1,644,95614d$951,911Seller's

Frequently Asked Questions — Burnaby Duplexes

How did the Burnaby duplexes market perform in March 2024?+
In March 2024, 8 duplexes sold in Burnaby at an average price of $1,698,125, with duplexes spending an average of 14 days on the market at $1,199,479 per square foot. Buyers had more choice and negotiating leverage.
What is the absorption rate for duplexes in Burnaby?+
Burnaby duplexes has a sales-to-active listings ratio (SALR) of 3.3%, 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 duplex in Burnaby?+
The duplexes segment in Burnaby is currently a buyer's market. The average sold price for duplexes is $1,533,000. 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 duplexes market.
What does the March 2024 market mean for duplex sellers in Burnaby?+
In March 2024, duplexes 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 duplexes in Burnaby?+
Compared to February 2024, duplexes sales in Burnaby were up 14% (7 vs 8 sold) and the average sold price was down 13% to $1,698,125.
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