Burnaby Condo Market Report – August 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.

← July 2024 Next month →
186
Units Sold
$740,818
Avg Sold Price
40d
Avg Days on Market
Buyer's Market
Market Condition
7,565 active at start of month 375 new listings Absorption rate: 2.5% Highest sold: $2,025,000 Lowest sold: $419,000

How Does August 2024 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2024 (this report) 186 $740,818 40d
July 2024 month prior 228 -18.4% $745,335 -0.6% 30d +33.3%
August 2023 year ago 183 +1.6% $759,547 -2.5% —

3-Year Price Trend — Burnaby Condo

The Burnaby condo real estate market was a Buyer's Market in August 2024, with 7,565 active listings at the start of the month, 186 properties sold, an average sold price of $740,818, properties averaging 40 days on market, an absorption rate of 2.5%. All data is sourced from MLS® sold records.

Recently Sold in Burnaby

4485 Skyline Drive
Sold $620,000
1 bd • 1 ba • Apartment
4890 Lougheed Highway
Sold $565,000
1 bd • 1 ba • Apartment
7579 16th Street
Sold $660,000
2 bd • 2 ba • Apartment
2345 Madison Avenue
Sold $522,000
1 bd • 1 ba • Apartment
4808 Hazel Street
Sold $999,900
3 bd • 2 ba • Apartment
7131 Stride Avenue
Sold $575,000
1 bd • 1 ba • Apartment

Active Listings in Burnaby

4657 Hazel Street
$749,999
2 bd • 2 ba • Apartment
4168 Lougheed Highway
$849,000
2 bd • 2 ba • Apartment
5288 Grimmer Street
$649,000
2 bd • 2 ba • Apartment
3888 Evergreen Place
$769,000
2 bd • 2 ba • Apartment
5333 Goring Street
$579,000
1 bd • 1 ba • Apartment
3888 Evergreen Place
$545,000
1 bd • 1 ba • Apartment

Top Buildings in Burnaby

Solo District
1,350 units
The Grove Tower 1
948 units
Concord Brentwood Hillside West Tower 1
892 units
Kings Crossing
803 units
Contour
733 units
Reign by Wesgroup
733 units
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 Condo Market

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Related: Burnaby Condo Archive → Live Market Stats → All BC Reports →

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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