August 2024 Market Report — Burnaby
The Burnaby real estate market recorded 266 homes sold in August 2024 at an average sold price of $1,070,623. This report covers sales volume, average sold price, days on market, and overall market conditions to help buyers and sellers understand August 2024 trends.
Burnaby showed buyer-friendly conditions in August 2024 — there was more supply than usual, giving buyers extra time and negotiating leverage. The average sold price came in at $1,070,623, up 9% from the prior month — a sign that demand is holding firm. At 36 average days on market, sellers need realistic pricing — buyers have the time to compare options and push back on overpriced homes.
August 2024 Snapshot
12-Month Trend
Nov – Nov · MLS® sales data
Saeed Farahani is a full-time Burnaby real estate agent with RE/MAX Crest who has been helping buyers and sellers across Burnaby and Greater Vancouver since 1999.
By Property Type (Current Period)
| Type | Sold (30d) | Avg Sold Price | Avg DOM | Active | Market |
|---|---|---|---|---|---|
| Apartment | 66 | $654,420 | 45d | 1,092 | Buyer's Market |
| Duplex | 8 | $1,739,750 | 26d | 127 | Buyer's Market |
| Fourplex | 0 | Contact | 0d | 10 | Buyer's Market |
| House | 18 | $1,935,391 | 47d | 432 | Buyer's Market |
| Other | 0 | Contact | 0d | 13 | Buyer's Market |
| Townhouse | 13 | $945,346 | 41d | 218 | Buyer's Market |
24-Month Trend
| Month | Sold | Avg Price | Avg DOM | Avg $/sqft |
|---|---|---|---|---|
| Nov | 3 | $531,833 | 10d | $623 |
| Oct | 191 | $971,844 | 42d | $400,256 |
| Sep | 227 | $1,100,682 | 46d | $458,838 |
| Aug | 217 | $1,015,575 | 53d | $406,729 |
| Jul | 272 | $994,766 | 40d | $410,655 |
| Jun | 273 | $971,190 | 42d | $409,011 |
| May | 249 | $1,053,781 | 40d | $397,724 |
| Apr | 262 | $1,018,081 | 39d | $409,574 |
| Mar | 250 | $1,013,003 | 41d | $449,706 |
| Feb | 208 | $1,018,163 | 41d | $429,908 |
| Jan | 174 | $981,846 | 50d | $381,419 |
| Dec | 162 | $1,045,317 | 52d | $417,372 |
| Nov | 229 | $1,095,381 | 45d | $404,863 |
| Oct | 233 | $1,016,205 | 40d | $428,165 |
| Sep | 280 | $1,064,066 | 44d | $426,132 |
| Aug | 250 | $1,009,463 | 42d | $353,020 |
| Jul | 325 | $938,055 | 35d | $348,773 |
| Jun | 265 | $1,074,456 | 34d | $422,420 |
| May | 278 | $993,717 | 33d | $410,627 |
| Apr | 254 | $1,008,434 | 37d | $379,847 |
| Mar | 244 | $1,098,361 | 30d | $441,314 |
| Feb | 202 | $1,016,919 | 34d | $397,163 |
| Jan | 217 | $1,081,778 | 47d | $456,567 |
| Dec | 196 | $1,025,150 | 43d | $356,539 |
View by Property Type
Drill into August 2024 market data for a specific property type — each page includes type-filtered stats, trend data, and FAQs.
More Reports
View all reports →August 2024 — Frequently Asked
“Randy tracked the market data so closely that we felt completely confident in our offer price. He knew South Surrey inside out — the right neighbourhoods, the right buildings, the right timing. Highly recommend.
What does August 2024 mean for your home?
Saeed can explain what these numbers mean for your specific situation — buyer or seller.
Get a Market BriefingWhy work with Saeed
Real estate expertise you can count on — reach out any time.