Burke, VA Foreclosures
How much do homes sell for in Burke, VA?
The average home price is currently $743,206.
In Burke, VA, how many homes are available?
There are currently 15 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 $22,981,354.
What is currently the cheapest priced home in Burke, VA?
The cheapest home for sale in Burke is priced at $34,406.
Living in Burke, VA
Burke, Virginia, is a thriving suburban community known for its family-friendly atmosphere and strong sense of community. Offering a blend of residential comfort and easy access to urban amenities, Burke is ideal for those seeking a peaceful lifestyle with convenient access to Washington, D.C. The area boasts a variety of parks, trails, shopping, and excellent schools, making it a desirable place for families and professionals alike.
Current Market Conditions in Burke, VA
The real estate market in Burke has shown steady growth over the past year, with home prices experiencing a slight increase amidst a high demand for suburban living due to the ongoing trend of remote work. Buyers are actively seeking homes in this area, resulting in competitive bidding situations, particularly for well-maintained properties.
Despite some fluctuations in interest rates, Burke remains an attractive location for prospective homebuyers, fueled by its excellent schools, community amenities, and overall quality of life. The rental market is also robust, catering to those who prefer flexibility while still desiring the comforts of a suburban lifestyle.
Home Value Estimator For Burke, VA
There are currently 14,341 real estate properties
in Burke, VA,
with a median automated valuation model (AVM) price
of $724,733.00. 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 $743,206.00, with the most expensive house
in Burke, VA, topping out
at $22,981,354.00 and the cheapest home
in Burke, VA,
clocking in at $34,406.00. 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.
Learn more on Foreclosure homes
