Burnaby Condo Market Report – May 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.

← April 2024 Next month →
218
Units Sold
$733,167
Avg Sold Price
22d
Avg Days on Market
Buyer's Market
Market Condition
6,666 active at start of month 502 new listings Absorption rate: 3.3% Highest sold: $1,270,000 Lowest sold: $420,000

How Does May 2024 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2024 (this report) 218 $733,167 22d
April 2024 month prior 208 +4.8% $770,602 -4.9% 24d -8.3%
May 2023 year ago 291 -25.1% $771,127 -4.9% —

3-Year Price Trend — Burnaby Condo

The Burnaby condo real estate market was a Buyer's Market in May 2024, with 6,666 active listings at the start of the month, 218 properties sold, an average sold price of $733,167, properties averaging 22 days on market, an absorption rate of 3.3%. 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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Related: Burnaby Condo Archive → Live Market Stats → All BC Reports →

Frequently Asked Questions — Burnaby May 2024

In May 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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