Market Report › September 2024
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September 2024 Market Report — Burnaby

The Burnaby real estate market recorded 314 homes sold in September 2024 at an average sold price of $1,114,929. This report covers sales volume, average sold price, days on market, and overall market conditions to help buyers and sellers understand September 2024 trends.

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Seller'sBurnaby is currently a buyer's market. 5.8% sales-to-active listings ratio — homes selling in an average of 47 days, at an average sold price of $1,028,704 — well-priced properties are attracting strong demand.
314
Homes Sold
$1.11M
Avg Sold Price
30d
Avg Days on Market
$428,139
Avg $/sqft
Saeed Farahani
Saeed's Market Take

Burnaby showed buyer-friendly conditions in September 2024 — there was more supply than usual, giving buyers extra time and negotiating leverage. The average sold price came in at $1,114,929, up 4% from the prior month — a sign that demand is holding firm. Homes averaged 30 days on market, which means there's still opportunity if you're ready to move decisively.

— Saeed Farahani, Re/Max Crest Realty

September 2024 Snapshot

Homes Sold314
Avg Sold Price$1,114,929
Avg Days on Market30 days
Avg Price per ft²$428,139

12-Month Trend

Oct – Sep · MLS® sales data

Avg Sold Price
Homes Sold
Avg Days on Market
Avg $/sqft
Avg Price by Property Type
Sales Mix by Type (30d)
Saeed Farahani
Saeed Farahani
Re/Max Crest Realty

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)

Burnaby real estate sales by property type — September 2024. Includes homes sold, average sold price, days on market, active listings, and market type.
TypeSold (30d)Avg Sold PriceAvg DOMActiveMarket
Apartment66$689,25251d1,086Buyer's Market
Duplex5$1,533,00057d152Buyer's Market
Fourplex0Contact0d7Buyer's Market
House24$1,888,10653d448Buyer's Market
Other0Contact0d10Buyer's Market
Townhouse16$982,24319d220Buyer's Market

24-Month Trend

Burnaby 24-month real estate market trend — homes sold, average sold price, days on market, and price per square foot. Data through September 2024.
MonthSoldAvg PriceAvg DOMAvg $/sqft
Sep117$1,049,75246d$438,158
Aug213$1,004,84653d$399,126
Jul271$993,52940d$409,716
Jun273$972,84842d$407,848
May250$1,056,47840d$398,437
Apr263$1,019,44939d$413,256
Mar250$1,013,00341d$449,706
Feb208$1,018,16341d$429,908
Jan174$981,84650d$381,419
Dec162$1,045,31752d$417,372
Nov229$1,095,38145d$404,863
Oct233$1,016,20540d$428,165
Sep280$1,064,06644d$426,132
Aug251$1,014,00742d$360,179
Jul325$938,05535d$348,773
Jun265$1,074,45634d$422,420
May278$993,71733d$410,627
Apr254$1,008,43437d$379,847
Mar244$1,098,36130d$441,314
Feb202$1,016,91934d$397,163
Jan217$1,081,77847d$456,567
Dec196$1,025,15043d$356,539
Nov279$1,149,10338d$454,977
Oct339$1,049,73130d$422,366

View by Property Type

Drill into September 2024 market data for a specific property type — each page includes type-filtered stats, trend data, and FAQs.

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September 2024 — Frequently Asked

How did the Burnaby real estate market perform in September 2024?+
In September 2024, 314 homes sold in Burnaby at an average price of $1,114,929, with properties spending an average of 30 days on the market at $428,139 per square foot. Seller-favourable conditions kept inventory lean and prices firm.
What does the absorption rate mean for Burnaby in September 2024?+
Burnaby has a sales-to-active listings ratio (SALR) of 5.8%, well above the 20% threshold that defines a seller's market. At this pace, active listings are absorbed quickly, often resulting in multiple offers and sale prices near or above asking. If you're thinking of selling, current conditions are very favourable.
What does the September 2024 market mean for buyers in Burnaby?+
For buyers in Burnaby during September 2024, competition was elevated with lean inventory and limited time to make decisions. Preparing a strong pre-approval and working with a knowledgeable local agent helped buyers move quickly and structure competitive offers. Focusing on realistic must-haves over wish-lists also improved success rates in this environment.
What does the September 2024 market mean for sellers in Burnaby?+
Sellers in Burnaby during September 2024 benefited from strong demand, tight inventory, and motivated buyers. Well-prepared, properly priced homes attracted multiple showings and, in many cases, multiple offers. Timing and pricing strategy still mattered — overpriced listings stalled even in this market. A local comparative market analysis (CMA) helped sellers set the right list price.
How did September 2024 compare to August 2024 in Burnaby?+
Compared to August 2024, sales volume in Burnaby was up 18% (266 vs 314 homes sold) and the average sold price was up 4% to $1,114,929. Days on market decreased from 36 to 30 days.
“

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.

— Sarah M., South Surrey buyer
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