Burke, VA Foreclosures
Current Market Conditions in in Burke, VA As of February 2026?
In the past month, Burke's real estate market remains competitive as limited inventory continues to challenge homebuyers. Recent sales trends indicate that homes are in high demand, with many properties receiving multiple offers shortly after listing. The appreciation in property values persists, predominantly driven by the area’s appealing features such as proximity to nature trails and quality schools, which contribute to its desirability.
How much do homes sell for in Burke, VA?
The average home price is currently $733,576.
In Burke, VA, how many homes are available?
There are currently 25 active home listings available in Burke.
What’s the average rental cost in Burke, VA?
The average rental price in Burke is $2,998.
What is the most expensive home in Burke?
The most expensive home sold in Burke had a price of $22,613,295.
What is currently the cheapest priced home in Burke, VA?
The cheapest home for sale in Burke is priced at $34,001.
Living in Burke, VA
Burke, Virginia is a picturesque suburban community characterized by its family-friendly environment, abundant green spaces, and strong sense of community. The area boasts excellent schools, diverse amenities, and easy access to the greater Washington D.C. area, making it an attractive choice for families and professionals. With various recreational activities and well-kept parks, Burke offers a high quality of life away from the bustling city.
Buyer vs Seller Market in Burke, VA
The real estate market in Burke is currently showing strong demand, with home prices experiencing steady appreciation. Buyers are attracted to the area's reputation for quality schools, safety, and community amenities, which keeps inventory low and competition high. As a result, homes often sell quickly and at or above list price, creating an appealing environment for sellers in this market.
Burke's market has become particularly hot over the last year, with an influx of new residents seeking suburban comfort while staying close to the metropolitan area. This trend has driven the development of new homes and revitalization of older properties, leading to an impressive growth forecast for the coming years.
Home Value Estimator For Burke, VA
There are currently 14,343 real estate properties
in Burke, VA,
with a median automated valuation model (AVM) price
of $713,846.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Burke, VA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Burke, VA,
is $733,576.00, with the most expensive house
in Burke, VA, topping out
at $22,613,295.00 and the cheapest home
in Burke, VA,
clocking in at $34,001.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Burke, VA!
Rent Prices
In Burke, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Burke, VA, is on
a rollercoaster ride. The
average rent price in Burke, VA,
is $2,998.00. Indeed, when looking to rent in
Burke, VA, you can expect to pay as little
as $1,490.00 or as much
as $5,800.00,
with the average rent median estimated to
be $2,900.00. The good news is that finding
an affordable and desirable property to rent in Burke, VA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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