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Market Report

Sullivan Heights Real Estate Market

Live MLS® stats and 12-month trends for Sullivan Heights, Burnaby — updated every 5 minutes.

Buyer's Market13.6 mo supplyCondos →Townhouses →Houses →
Quick Answer
  • 1Sullivan Heights is currently a buyer's market.
  • 2The average sold price last month was $789,600.
  • 3Home prices are up 17.1% year-over-year.
Avg Sold Price
$790K
Homes Sold (30d)
5
Homes For Sale
68
Avg Days on Market
59d
Months of Supply
13.6 mo
Buyer's
68 homes for sale in Sullivan Heights
62 condos · 2 townhouses · 2 houses

Sullivan Heights is currently a buyer's market, with an average sold price of $789,600 across all property types over the past 30 days. At 13.6 months of supply, buyers in Sullivan Heights have more selection and meaningful negotiating room compared to a typical seller's market. Sullivan Heights offers a mix of property types including condos, townhouses, houses — condos and townhouses are popular for lower-maintenance living, while detached homes attract families seeking more space and a private yard. Homes here are selling in an average of 59 days on market. Browse active listings in Sullivan Heights below, or speak with a local Burnaby agent for a personalised market assessment based on your needs.

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How Have Prices Trended in Sullivan Heights?

24-month trend · Updated monthly

Month-over-Month Comparison

MetricSep · Last 30 daysAugSep (LY)
Homes Sold5-50.0%109
Avg Sold Price$790K-1.5%$801K$674K
Avg Days on Market59d+31.1%45d16d

Last 30 Days — By Property Type

Sold properties only

Condos:Buyer's Market
Townhouses:Buyer's Market
Houses:Buyer's Market

What Does Each Home Cost?

By bedrooms & property type · Last 30 days sold

Type1 Bed2 Bed3 Bed4+ Bed
Apartment
$548K
$820/ft²
41 sold
$698K
$752/ft²
63 sold
$889K
$721/ft²
18 sold
$1.12M
$690/ft²
5 sold
Townhouse
$699K
$698/ft²
8 sold
$879K
$672/ft²
31 sold
$1.08M
$645/ft²
44 sold
$1.25M
$612/ft²
14 sold
House—
$1.19M
$580/ft²
6 sold
$1.49M
$558/ft²
22 sold
$2.25M
$498/ft²
18 sold

Studio = 0 bedrooms. 4+ Bed includes all homes with 4 or more bedrooms.

What Does Each Property Type Cost in Sullivan Heights?

TypeAvg Sold PriceSold (30d)ActiveAvg DOMCondition
Condos$637K46258dBuyer's MarketView Condos →
Townhouses—02—Buyer's MarketView Townhouses →
Houses—02—Buyer's MarketView Houses →

What Did Homes Sell for in Sullivan Heights Recently?

View all sold →

Street addresses only. Click any address to view full details — some information requires sign-in.

Frequently Asked Questions — Sullivan Heights Market

Is Sullivan Heights a buyer's or seller's market right now?+
Sullivan Heights is currently a buyer's market. There are 5 homes sold in the last 30 days across all property types. The current absorption rate of 13.6 months of supply favours buyers.
What is the average home price in Sullivan Heights?+
The average sold price across all property types in Sullivan Heights is currently $789,600, based on sales over the past 30 days. Prices vary by type — condominiums start lower, while detached homes command a premium. Contact a local Burnaby agent for a current, property-specific estimate.
Have home prices come down in Sullivan Heights?+
Overall home prices in Sullivan Heights are up 17.1% compared to the same period last year, with condos averaging $637,000. This upward trend suggests continued demand in Sullivan Heights — buyers who act sooner may benefit from locking in before further appreciation.
How long do homes stay on the market in Sullivan Heights?+
Homes in Sullivan Heights are currently selling in an average of 59 days on market. In a seller's market, well-priced homes can attract offers within the first week of listing. In a buyer's market, buyers typically have more time to evaluate options.
What does the absorption rate mean for Sullivan Heights?+
Sullivan Heights has a sales-to-active listings ratio (SALR) of 7.4%, 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.
What property types are available in Sullivan Heights?+
Sullivan Heights offers a mix of condos, townhouses, houses. Each type suits different lifestyles — condos and townhouses are popular for lower-maintenance living, while detached homes are sought by families looking for more space and a yard.
How can I get a home evaluation in Sullivan Heights?+
You can request a free, no-obligation home evaluation through a local Burnaby real estate agent. They will research recent comparable sales in Sullivan Heights and provide you with an accurate market valuation — typically within 24 hours.
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