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Burbank, Illinois, Real Estate
Burbank is a city located in Cook County, Illinois located at the southwest edge of Chicago. According to the 2010 census Burbank had a population of 27,902. Burbank is located less than 2 miles south of Chicago Midway Airport.
Burbank currently has 127 single family homes with an average list price of $248,417, 4 condos/townhomes with an average list price of $126,195, and 1 multi-unit home with an average list price of $385,000. The average annual property tax for Burbank is $4,148.
Current Homes for Sale
AdultCommunities 0 no homes |
Schools
| School | District | Grade Level | Grades |
|---|---|---|---|
| Edward J Tobin Elementary School | 111 | Elementary | K,1-6 |
| J B Kennedy Elementary School | 111 | Elementary | K-6 |
| Luther Burbank Elementary School | 111 | Elementary | K,1-6 |
| Richard Byrd Elementary School | 111 | Elementary | K,1-6 |
| Rosa G Maddock School | 111 | Elementary | PK-6 |
What's Hot & What Not
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Burbank, i.e. what's hot and what's not.
See What's Hot & What's Not in BurbankSubdivisions
| Subdivisions | Median Price | |
|---|---|---|
|
87th ST. Condos Built in the early 70s, 87th ST. Condos is located in Burbank on Cicerd & 87th Street. |
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Barletts Built in the 50s, Barletts is located in Burbank on 79th Street. |
$205,000 |
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Briartree |
$104,500 |
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Burbank Condos Built in the early 70s, Burbank Condos is located in Burbank on 77th Street & Monitor. |
$52,000 |
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Courtyard Townhomes Built in the early 2000s, Lavergne & 79th Street West of Cicero. |
Recent Sales
| Date | Address | Beds | Baths | Sq. Ft. | Year | Subdivision | Sold | ||
|---|---|---|---|---|---|---|---|---|---|
|
Nov 16, 2018 | 7937 S. Long Ave. | 4 + 1* | 3 | — | 2 | $224,000 | ||
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Nov 14, 2018 | 8431 New England Ave. | 3 | 2 | 3,300 ft2 | 2 | 2013 | $412,000 | |
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Nov 13, 2018 | 7542 Briartree Ln. #407 | 2 | 1.1 | — | 1 | 1988 | $107,500 | |
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Nov 9, 2018 | 7910 Menard Ave. | 4 | 1 | 1,017 ft2 | 2 | 1964 | $171,500 | |
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Nov 9, 2018 | 6412 W. 83rd Pl. | 3 | 2.1 | 1,750 ft2 | 2.5 | 1969 | $275,000 | |
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Nov 9, 2018 | 7815 Central Ave. | 3 | 2 | 1,166 ft2 | 2 | 1960 | $185,000 | |
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Nov 8, 2018 | 7728 Normandy Ave. | 3 + 2* | 1.1 | 1,104 ft2 | 2.5 | 1973 | $171,000 | |
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Nov 7, 2018 | 8026 Lockwood Ave. | 4 | 3 | 2,900 ft2 | 2 | 2010 | $380,000 | |
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Nov 7, 2018 | 8607 Mansfield Ave. | 4 | 2.1 | 3,400 ft2 | 2 | 2006 | $340,000 | |
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Nov 7, 2018 | 8542 Moody Ave. | 3 | 1.1 | 1,650 ft2 | 2.5 | 1951 | $221,000 |
We helped over 300 families buy and sell homes last year.
The HomesByMarco team are experts. If you're looking to buy or sell a home, give us a call today at 888-32-MARCO.
The HomesByMarco team are experts. If you're looking to buy or sell a home, give us a call today at 888-32-MARCO.
Market Trends
Burbank home sales for the month of October decreased in volume by 10% when compared to last year, while the median sale price rose by 4.8% from $188,950 to $198,000. The number of Single Family homes sales decreased by 10.3%, while the median sale price rose by 5.1% from $189,400 to $199,000. Condo/townhome sales stayed the same, while the median sale price rose by 124% from $75,000 to $168,000.
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245
|
249
|
280
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283
|
| 2014 | 2015 | 2016 | 2017 |
| # of sales per year | |||
|
$145,000
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$167,500
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$178,000
|
$190,000
|
| 2014 | 2015 | 2016 | 2017 |
| median sale price per year | |||
Median Sale Price for
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Number of Sales for
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Real Estate Sales for October in
| October | Year to Date (Jan 1 - November 20) | |||||
|---|---|---|---|---|---|---|
| 2017 | 2018 | % Change | 2017 | 2018 | % Change | |
| Homes Sold | 30 | 27 | -10% | 193 | 273 | +41.5% |
| (Single Family) | 29 | 26 | -10.3% | 180 | 264 | +46.7% |
| (Condos/Townhomes) | 1 | 1 | 0% | 13 | 9 | -30.8% |
| Median Sale Price | $188,950 | $198,000 | +4.8% | $190,500 | $202,000 | +6% |
| (Single Family) | $189,400 | $199,000 | +5.1% | $195,000 | $205,000 | +5.1% |
| (Condos/Townhomes) | $75,000 | $168,000 | +124% | $112,000 | $117,000 | +4.5% |
| Days on Market | 26 | 12 | -52.9% | 22 | 17 | -22.7% |
| (Single Family) | 24 | 13 | -47.9% | 22 | 17 | -22.7% |
| (Condos/Townhomes) | 42 | 3 | -92.9% | 21 | 64 | +204.8% |
Nearby Parks
| Park | Amenities | |
|---|---|---|
|
Fitzgerald Park 85th Street and Nashville Avenue |
Basketball Courts Playground Soccer Fields |
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Harr Park West 83rd Street and Laramie Avenue |
Basketball Courts Hiking Paths Picnic Area Playground Tennis Courts |
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Latrobe Park 76th Street and Latrobe Avenue |
Basketball Courts Playground |
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MacArthur Park West 83rd Street and Moody Avenue |
Baseball Diamonds Football Field Playground Soccer Fields Softball Fields |
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Narragansett Park West 77th Street and Narragansett Avenue |
Basketball Courts Hiking Paths Picnic Area Playground Restrooms Roller Hockey Rink Skate Park Soccer Fields |
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