Burnaby Real Estate Market Update – May 2024

Buyer's Market Absorption rate: 3%
← April 2024 Next month →
340
Units Sold
▲ 3.7% vs prev month
$1,116,539
Avg Sold Price
▼ 2.1% vs prev month
21d
Avg Days on Market
Buyer's Market
Market Condition
11,192 active listings at start of month 754 new listings Absorption: 3% Highest: $3,950,000 Lowest: $420,000

How Does May 2024 Compare?

Period Units Sold Avg Price Avg DOM
May 2024 340 $1,116,539 21
April 2024 328
▲ 3.7%		 $1,140,257
▼ 2.1%		 26
May 2023 (YoY) 456
▼ 25.4%		 $1,087,855
▲ 2.6%		 —
More Burnaby market intel: New Listings This Week → Price Reductions → Sold Over Asking → All Updates →
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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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