Is Burke a buyer's or seller's market right now?

Burke is currently a seller's market with 1 months of supply. 44.4% of homes sell above asking price, and 70.8% go pending within two weeks. The Ridley Sell Score for Burke is 71/100 (Strong), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Burke?

The median home price in Burke is $686,200, down 5.4% year-over-year. The median price per square foot is $329. Homes sell in a median of 39 days with a sale-to-list ratio of 101%.

How much does it cost to sell a home in Burke, Virginia?

On a $686,200 home in Burke, a traditional listing agent charges around $20,586 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $54,896 or more. With Ridley Essentials ($999) you save $19,587, and with Ridley Pro ($3,499) you save $17,087 while getting full agent support.

How does Ridley's flat fee compare to a traditional Burke agent?

A traditional Burke listing agent typically charges 3% of the sale price — about $20,586 on a $686,200 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $19,587–$17,087 compared to a traditional agent.

How long does it take to sell a home in Burke?

The median home in Burke currently spends 39 days on the market before going under contract. 70.8% of homes go pending within two weeks. At a 101% sale-to-list ratio, sellers are getting very close to or above asking price. Only 11.1% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Virginia?

No. Virginia does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $686,200 home, that could save you up to $17,087.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Virginia. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $20,586 commission.

National/Virginia

Burke, VA

Is Now a Good Time to Sell in Burke, Virginia?

The median home in Burke sells for $686,200 with prices down 5.4% year-over-year. The average seller pays $20,586 in commissions — Ridley’s flat fee saves you $17,087.

Burke Real Estate Market Conditions — March 2026

71out of 100

Ridley Sell Score

How it's scored →

Strong

71/100

Conditions strongly favor sellers — high demand and fast sales.

What this means for sellers

Conditions in Burke favor sellers right now. Low inventory is giving sellers the upper hand, and well-priced homes should attract strong interest. Sellers who list now are positioned to sell quickly and close at or above asking price.

Inventory TightnessFavors sellers

1 months of supply — well below the 5-month balanced threshold — 58% below the Virginia average of 2.4.

Price MomentumFavors buyers

Prices down 5.4% year-over-year — vs. +1.4% statewide.

Seller LeverageFavors sellers

Homes selling at 101% of asking — sellers are getting 1% above list on average. Virginia average is 98.7%.

Bidding ActivityFavors sellers

44.4% of homes selling above list price — 72% above the Virginia average of 25.8%.

Sale SpeedFavors sellers

39 median days on market — 14 days faster than the Virginia average.

Market UrgencyFavors sellers

70.8% of listings go pending within 2 weeks — vs. 40.8% statewide.

Price StabilityNeutral

Only 11.1% of listings have dropped their price — sellers are holding firm. Virginia average is 20.2%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$686,200

-5.4%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$329

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

101%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

44.4%

Moderate demand

Price Drops

Percentage of active listings that had a price reduction.

11.1%

Well-priced market

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

70.8%

Fast-moving

12-Month Price Trend

$700,000 → $686,200

▼2.0%

$850K$800K$750K$700K

AprJunAugOctDecFebMar

Data updated March 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Burke — delivered monthly.

Your savings

How much can you save selling your home in Burke?

The average Burke homeowner saves $17,087 by selling with Ridley instead of paying the traditional 3% listing commission on a $686,200 home.

$0Estimated savings

That's a dream family vacation — save 2.5% of your home value

Your Burke home value

$686,200

$50,000$10M

Traditional Agent (3%)

$20,586

Ridley Pro (flat fee)

$3,499

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Cost comparison

How much does it cost to sell a house in Burke?

The total cost to sell a house in Burke in 2026 ranges from $999 with Ridley Essentials to approximately $20,586 with a traditional 3% commission on a $686,200 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$20,586	$3,499	$999	$0
Buyer agent	$19,2142.8% avg	$13,724~2% avg	$13,724~2% avg	$19,2142.8% avg
Closing costs (~1.5%)	$10,293	$10,293	$10,293	$10,293
Total cost	$50,093	$27,516	$25,016	$29,507
Net proceeds	$636,107	$658,684	$661,184	$656,693
You save	—	$17,087	$19,587	$20,586No support