Townhouses Market Report

October 2024 Townhouses Market — Burnaby

The Burnaby townhouses market recorded 38 sales in October 2024 at an average sold price of $992,376. This report covers sales volume, pricing, and days on market for townhouses specifically.

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Buyer's MarketBurnaby townhouses is currently a buyer's market. 7.3% sales-to-active listings ratio — homes selling in an average of 19 days, at an average sold price of $982,243 — well-priced properties are attracting strong demand.
38
Townhouses Sold
$992K
Avg Sold Price
30d
Avg Days on Market
$847,799
Avg $/sqft

October 2024 Townhouses Snapshot

Townhouses Sold38
Avg Sold Price$992,376
Avg Days on Market30 days
Avg Price per ft²$847,799

Townhouses Market Trend — Burnaby

Sales Volume & Avg Sold Price — up to 24 months
MLS® data · sold properties
MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 202616$982,24319d$757,717Seller's
August 202622$868,93257d$615,830Buyer's
July 202634$910,05027d$736,906Balanced
June 202633$874,53640d$715,661Buyer's
May 202630$903,01047d$674,394Buyer's
April 202632$944,70930d$793,425Balanced
March 202632$984,18935d$844,378Balanced
February 202617$959,00420d$806,483Balanced
January 202624$926,74241d$787,579Buyer's
December 202517$1,001,64543d$851,437Buyer's
November 202526$937,14640d$653,771Buyer's
October 202534$1,004,10334d$809,050Balanced
September 202538$953,80834d$757,403Balanced
August 202523$948,15241d$804,679Buyer's
July 202533$943,69731d$798,663Balanced
June 202534$1,006,28225d$865,478Balanced
May 202531$992,02334d$919,130Balanced
April 202529$946,66624d$659,692Balanced
March 202532$1,045,07028d$955,665Balanced
February 202532$965,31321d$767,503Balanced
January 202521$972,23844d$919,461Buyer's
December 202424$963,48134d$730,134Balanced
November 202438$1,020,71229d$866,377Balanced
October 202438$992,37630d$847,799Balanced
September 202440$985,03329d$794,561Balanced
August 202425$975,18529d$769,471Balanced
July 202427$965,41727d$834,485Balanced
June 202437$980,92721d$774,926Balanced
May 202445$1,021,29823d$818,184Balanced
April 202447$1,033,87427d$872,227Balanced
March 202426$955,69219d$824,666Seller's
February 202426$1,012,27418d$898,834Seller's
January 202429$937,04134d$827,958Balanced
December 202322$996,80927d$725,116Balanced
November 202325$911,16329d$756,136Balanced
October 202329$949,38320d$801,789Balanced

Frequently Asked Questions — Burnaby Townhouses

How did the Burnaby townhouses market perform in October 2024?+
In October 2024, 38 townhouses sold in Burnaby at an average price of $992,376, with townhouses spending an average of 30 days on the market at $847,799 per square foot. Buyers had more choice and negotiating leverage.
What is the absorption rate for townhouses in Burnaby?+
Burnaby townhouses has a sales-to-active listings ratio (SALR) of 7.3%, 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 townhouse in Burnaby?+
The townhouses segment in Burnaby is currently a buyer's market. The average sold price for townhouses is $982,243. 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 townhouses market.
What does the October 2024 market mean for townhouse sellers in Burnaby?+
In October 2024, townhouses sellers faced more competition with increased supply. Pricing accurately and investing in presentation were the key differentiators for a timely sale.
How did October 2024 compare to September 2024 for townhouses in Burnaby?+
Compared to September 2024, townhouses sales in Burnaby were down 5% (40 vs 38 sold) and the average sold price was up 1% to $992,376.
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