Burnaby Condo Market Report – April 2024

Burnaby is an active condo market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for Burnaby based on MLS® data.

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208
Units Sold
$770,602
Avg Sold Price
24d
Avg Days on Market
Buyer's Market
Market Condition
6,298 active at start of month 576 new listings Absorption rate: 3.3% Highest sold: $1,630,000 Lowest sold: $429,800

How Does April 2024 Compare?

Period Units Sold Avg Sold Price Avg DOM
April 2024 (this report) 208 $770,602 24d
March 2024 month prior 221 -5.9% $746,749 +3.2% 23d +4.3%
April 2023 year ago 314 -33.8% $800,041 -3.7%

3-Year Price Trend — Burnaby Condo

The Burnaby condo real estate market was a Buyer's Market in April 2024, with 6,298 active listings at the start of the month, 208 properties sold, an average sold price of $770,602, properties averaging 24 days on market, an absorption rate of 3.3%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Burnaby specialist
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Frequently Asked Questions — Burnaby April 2024

In April 2024, the Burnaby condo real estate market is classified as a Buyer's Market with an absorption rate of 3.3%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/03/2026   Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.

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