Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
Only on the right house. Neither side has the upper hand in Burnsville right now.
Neither side has the upper hand in Burnsville. Buyers and sellers are evenly matched. The market will not hand you a discount. You have to find it in one specific listing.
Only 81 out of every 100 homes for sale have found a buyer. The other 19 are still waiting. Your offer may be the only one on the table. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.
A typical Burnsville home takes 27 days to find a buyer. Half of them take even longer. That is 6% faster than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 30+ days ago. There are 121 homes for sale in Burnsville. That is 4.8 times the tightest month on record, but below the peak of 163. Supply is growing against last year.
Asking prices are 8.3% below their Aug 2023 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Burnsville prices have risen in 87 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.
This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.
In Burnsville, 35 out of every 100 households rent. Most own their home. That share has held steady for five years. Renter households average 2.3 people. Two and three bedrooms fit the typical renter.
Households grew 5% in five years. The housing stock grew 3%. Demand is outrunning supply. Just 2.5% of homes sit empty. A well-priced rental fills fast here.
The median Burnsville household earns $88,294 a year. Incomes here have grown 3.7% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 4.0 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. A tenant on the median income can pay about $2,207 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.
That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.
Only on the right house. Neither side has the upper hand in Burnsville right now. 81 out of every 100 homes for sale have a buyer, 14% of sellers have cut their price, and a typical home takes 27 days to sell.
Asking prices are 8.3% below their Aug 2023 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.
Assume +2.0% a year. Burnsville grew 4.1% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Burnsville grows about 2.0% a year. That is the number to type in. Prices rose 2.4% over the last year. That is a timing signal, not a trend.
A typical Burnsville home takes 27 days to find a buyer. Half of them take even longer. That is 6% faster than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 30+ days ago.
In Burnsville, 35 out of every 100 households rent. Most own their home. That share has held steady for five years. Just 2.5% of homes sit empty. A well-priced rental fills fast here.
A tenant on the median income can pay about $2,207 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Burnsville household earns $88,294 a year.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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