Burnsville, MNHousing Market

Name: Burnsville, MN Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Burnsville's housing market currently favors sellers. With just a 2.1-month supply of homes and properties taking an average of 21 days to sell, sellers have considerable pricing power and can command premium offers.

Reviewed By Deepika RHousing Market Analyst

Burnsville, MN Housing Market Forecast 2026AI-powered forecast for prices, inventory & market trends

Verified Data

Updated Monthly

Fast Insights

Real-time Analytics

Last updated

Live MLS Data |226 active homes tracked|

Burnsville, MN Market Snapshot

MEDIAN HOME PRICE

MORTGAGE RATES 30-YR 30-YR FIXED

LOAN TYPE

STATUS

DAYS ON MARKET

INVENTORY

Overview

Predictions

Supply

Demand

Burnsville Housing Market Overview

If you're looking to sell a home in Burnsville, you're in a strong position. While the median sale price sits at $379,752 (up 0.13% year-over-year), the real story lies in the market's pace. Homes are moving in just 21 days, inventory stands at only 2.1 months of supply, and properties are selling for 100.37% of asking price. In March 2026, 53 Burnsville houses were sold, a 0% no change from the same month last year. These conditions present an excellent opportunity for sellers to maximize their returns and attract competitive offers.

Median Sale Price

# of Homes Sold

Median Days on Market

Median Sale Price

0% year-over-year

# of Homes Sold

0% year-over-year

Median Days on Market

0 year-over-year

What does this mean?

All

1 year

3 year

5 year

No Record Available

Burnsville

Last updated on

Burnsville Housing Market Forecast for 2026

The housing market in Burnsville is positioned for gradual stabilization in 2026, with modest growth expected as mortgage rates ease and inventory conditions improve.

Price Outlook:

Home prices in Burnsville are forecast to rise 2-4% in 2026, reflecting a return to more normalized market conditions
Affordability is improving as wage growth outpaces home price appreciation
Strong homeowner equity supports price stability and strategic listing decisions

Will the Burnsville Housing Market Crash in 2026?

The consensus among housing economists and real estate experts is firmly no. Burnsville remains supported by fundamental market strengths, including sustained buyer demand, strong homeowner equity levels, and stricter lending standards than pre-2008. With 2.1 months of supply and homes selling at 100.37% of the asking price, the market demonstrates healthy demand fundamentals.

UnlikelyCrash MeterLikely

Current Market Indicators

Days on Market:
21 days
Months of Supply:
2.1 months
Sale-to-List Ratio:
100.37%
Mortgage Rates:
Currently- 6.23% projected to hover between 6.0% and 6.8%

Burnsville Housing Supply

Burnsville's real estate inventory favors sellers with tightening availability. With only 112 homes available in March 2026, what stands out is the supply constraint. Inventory increased 0.44% year-over-year, months of supply sits at just 2.1 (up slightly slightly from 2 last year), and 96 new homes came to market this month (up 0.2% year-over-year). This limited inventory strengthens sellers' negotiating position and creates urgency for buyers. For sellers ready to take advantage of these conditions, now is an ideal time to list your home on MLS in Minnesota and maximize your return.

# of Homes for Sale

# of Newly Listed Homes

Months of Supply

# of Homes for Sale

0% year-over-year

# of Newly Listed Homes

0% year-over-year

Months of Supply

0% year-over-year

What does this mean?

All

1 year

3 year

5 year

No Record Available

Burnsville

Last updated on

Burnsville Housing Demand

Burnsville's housing demand demonstrates strong seller control. With the sale-to-list price ratio at 100.37% in March 2026, the defining metric is premium pricing power. A remarkable 50.94% of homes sold above asking price (up from 50% last year), the sale-to-list ratio held steady 0.21% year-over-year, and houses in Burnsville with price reductions increased from 29.6% to 30.36%. These numbers confirm sellers command the market and can expect competitive offers above their listing prices.

Homes Sold Above List Price

Homes with Price Drops

Sale-to-List Ratio

Homes Sold Above List Price

0% year-over-year

Homes with Price Drops

0% year-over-year

Sale-to-List Ratio

0% year-over-year

What does this mean?

All

1 year

3 year

5 year

No Record Available

Burnsville

Last updated on

Frequently Asked Questions

How have Burnsville house prices changed over the past year?

Median home prices in Burnsville have increased by 0.13% YoY, and now stand at $379,752. You can check your home's fair market value with our free home value estimator to compare prices in your neighborhood and know where you stand.

What are Burnsville real estate market predictions for 2026?

House prices in Burnsville, Minnesota, should stabilize in the coming months. However, affordability remains a challenge across the Minnesota housing market, due to rising mortgage rates.

What's the average home price in Burnsville?

The average house price in Burnsville depends on the property type, size, and local market conditions. Condos cost around $193,968, while single-family homes average $391,889. You can also find cheap homes for sale in Burnsville that fit your budget.

What is a good time to buy a home in Burnsville?

August to December is typically the best time to buy a house in Burnsville, when supply is high and demand is low. Before buying, check if mortgage rates are stable and ensure there's more than 6 months of housing inventory available. Make sure you assess the current housing market trends in Burnsville before you invest.

When will the Burnsville housing market crash?

According to housing market forecasts, the market is unlikely to crash in the near future. Home prices and demand should increase during the summer, and stabilize by winter. The market is projected to remain steady, with sustained growth through 2026 and beyond.

How to buy a home in Burnsville?

Set a clear budget and get a mortgage pre-approval. Then, explore homes for sale in Burnsville, submit your offers, secure loans, and complete the closing process.

How can I list my home for sale in Burnsville, MN?

You can list your home for sale with a Flat Fee MLS Minnesota listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀

What is the average mortgage rate for buyers in Burnsville?

The average mortgage rate for buyers fluctuates between 6.4% and 6.9%. It depends on the market and your credit score. Always check current rates with lenders before you apply.

What is a good time to sell a house in Burnsville?

February to July is typically the best time to sell a house in Burnsville, when demand is high and homes spend fewer days on the market. Carefully assess market trends in your specific area before you act.

Important Legal Disclosures

*Based on Houzeo calculations of home data from MLS and/or public records.

“The market analysis provided on this page is for informational purposes only and does not constitute financial, investment, or legal advice. Data is sourced from public records, industry reports, and third-party providers, and while Houzeo strives for accuracy, we make no guarantees regarding the completeness, accuracy, or timeliness of the information presented.

All estimates, projections, and historical data are based on statistical models and should not be relied upon as predictions of future market conditions. Past performance is not indicative of future results, and real estate market conditions may change due to various economic and regulatory factors.
Users are responsible for conducting their own due diligence before making any real estate or financial decisions. Houzeo is not liable for any decisions or actions taken based on the information provided. Any unauthorized use, duplication, or distribution of the data may violate copyright laws and result in legal consequences. Certain information, tools and services on this page may be powered by third-party vendors. Houzeo does not control or guarantee the accuracy, reliability, or functionality of such third-party services.