Houses Market Report

November 2024 Houses Market — Burnaby

The Burnaby houses market recorded 56 sales in November 2024 at an average sold price of $2,320,012. This report covers sales volume, pricing, and days on market for houses specifically.

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Buyer's MarketBurnaby houses is currently a buyer's market. 5.4% sales-to-active listings ratio — homes selling in an average of 53 days, at an average sold price of $1,888,106 — well-priced properties are attracting strong demand.
56
Houses Sold
$2.32M
Avg Sold Price
43d
Avg Days on Market
$977,986
Avg $/sqft

November 2024 Houses Snapshot

Houses Sold56
Avg Sold Price$2,320,012
Avg Days on Market43 days
Avg Price per ft²$977,986

Houses Market Trend — Burnaby

Sales Volume & Avg Sold Price — up to 24 months
MLS® data · sold properties
MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 202627$1,925,28053d$879,021Buyer's
August 202645$2,017,52450d$824,052Buyer's
July 202649$1,899,61847d$823,531Buyer's
June 202647$1,884,42534d$877,568Balanced
May 202649$2,065,34147d$925,070Buyer's
April 202654$1,933,52438d$847,111Buyer's
March 202640$2,015,10031d$861,066Balanced
February 202638$2,054,32940d$881,070Buyer's
January 202625$2,091,80062d$945,048Buyer's
December 202534$1,974,30150d$847,226Buyer's
November 202545$2,227,86251d$836,763Buyer's
October 202537$2,013,45748d$916,359Buyer's
September 202556$2,066,98051d$873,091Buyer's
August 202537$2,122,41943d$880,698Buyer's
July 202547$2,048,62340d$982,524Buyer's
June 202545$2,347,58828d$905,329Balanced
May 202539$2,135,35428d$1,010,724Balanced
April 202540$2,114,94030d$997,740Balanced
March 202540$2,511,54927d$1,008,280Balanced
February 202527$2,348,38143d$1,110,004Buyer's
January 202537$2,226,64439d$954,931Buyer's
December 202429$2,372,62757d$920,460Buyer's
November 202456$2,320,01243d$977,986Buyer's
October 202455$2,142,13226d$1,051,064Balanced
September 202464$2,277,78434d$1,023,555Balanced
August 202447$2,281,89827d$1,010,893Balanced
July 202436$2,197,98125d$1,023,736Balanced
June 202461$2,272,64920d$1,045,524Balanced
May 202468$2,321,81320d$1,002,429Balanced
April 202462$2,308,04536d$1,029,166Buyer's
March 202452$2,320,05626d$1,027,917Balanced
February 202450$2,197,98433d$990,715Balanced
January 202445$2,210,35342d$1,037,643Buyer's
December 202330$1,976,96360d$957,234Buyer's
November 202330$2,075,60040d$882,339Buyer's
October 202349$2,047,67531d$952,520Balanced

Frequently Asked Questions — Burnaby Houses

How did the Burnaby houses market perform in November 2024?+
In November 2024, 56 houses sold in Burnaby at an average price of $2,320,012, with houses spending an average of 43 days on the market at $977,986 per square foot. Buyers had more choice and negotiating leverage.
What is the absorption rate for houses in Burnaby?+
Burnaby houses has a sales-to-active listings ratio (SALR) of 5.4%, 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 house in Burnaby?+
The houses segment in Burnaby is currently a buyer's market. The average sold price for houses is $1,888,106. 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 houses market.
What does the November 2024 market mean for house sellers in Burnaby?+
In November 2024, houses sellers faced more competition with increased supply. Pricing accurately and investing in presentation were the key differentiators for a timely sale.
How did November 2024 compare to October 2024 for houses in Burnaby?+
Compared to October 2024, houses sales in Burnaby were up 2% (55 vs 56 sold) and the average sold price was up 8% to $2,320,012.
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