Is Burns, OR 97720 a buyer’s or seller’s market?
Burns is a buyer’s market. With about 32 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Burns housing market right now
In the three months ending August 31, 2026, 100% of homes in Burns, OR 97720 sold above their list price, the typical home went under contract in 273 days and there were 32 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (90 days then) and the median sale price fell 42% to $137,940. Overall, Burns is more competitive than a year ago, so tougher for buyers.
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Questions about Burns real estate
Is Burns a buyer’s or seller’s market?
A buyer’s market: there were 32 months of supply in Burns, OR 97720 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Burns?
The typical home went under contract in 273 days in the latest three months.
Do homes in Burns sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 118.0% of the list price.
What are property taxes in Burns?
About 0.80% of a home’s value a year in Harney County, or roughly $3,200 on a $400,000 home.
What is the median home price in Burns?
The median sale price was $137,940 in the three months ending August 31, 2026, about $122 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology