Burlington’s real estate market is experiencing notable shifts, reflecting broader economic trends and local developments. As of March 2026, the median sale price for homes in Burlington reached $573,000, marking a 2.4% increase from the previous year. However, homes are now spending an average of 102 days on the market, a significant rise from 19 days last year, indicating a cooling in buyer urgency.
Rental dynamics have also evolved. The median rent in Burlington stands at $2,350 per month, reflecting a 3.3% year-over-year increase. This uptick underscores sustained demand in the rental sector, even as the market adjusts to changing economic conditions.
Several development projects are reshaping Burlington’s housing landscape. The Cambrian Rise neighborhood, situated near Lake Champlain, introduces new housing options, including the Aurora and One25 developments, offering both rental and ownership opportunities.
In the heart of downtown, the Burlington Square project, formerly known as CityPlace, is transforming the site of the old Burlington Town Center mall into a mixed-use development. While luxury apartments and a hotel have been completed, the 73 affordable housing units planned for the North Tower have faced delays, with developers seeking an extension to complete these units by December 2027.
These developments, alongside market trends, highlight Burlington’s ongoing efforts to balance growth with affordability, ensuring the city remains a vibrant and accessible place to live.