Almost half of the homes sold in Lyon-Hoag in 2023 closed escrow below $2 million, a somewhat surprising development for a neighborhood that seemed poised to vault into Burlingame’s middle class after robust years in 2020, 2021, and 2022. After gaining 35% in average home values between 2020 and 2021 and mostly treading water in 2022, in 2023 the average sale price was $2.115 million, 24% lower than 2021’s peak. Also down year-over-year were price per square foot (11% to $1,296) and overall sales (down 30% to 14) while average DOM almost doubled, from 23 to 38.

To view a detailed google map of the Lyon Hoag neighborhood, click here

The MLS area is 462.

Favorable

• One of the most affordable neighborhoods in Burlingame

• Well-manicured, with wider streets

• Homes vary in architectural style

• Walking distance to Burlingame Avenue, Washington Park, Washington Elementary School and city’s recreation center

Burlingame is one of the few areas that has maintained its gracious charm and timeless elegance over the decades. A favorite among families, Burlingame’s two main shopping areas, Burlingame Avenue and Broadway, attract a wide variety of shoppers discovering its boutiques, restaurants, dessert places, and clothing stores. Home to fresh farmer’s markets every Sunday morning in the summer and fall, jazz concerts in Washington Park, and a yearly Art in the Park fair, Burlingame is a wonderful place to start a family or retire later in life, and is well equipped for both!

Its tree lined streets offer an abundance of architecture and style of homes, from quaint two bedroom bungalows to thoughtfully designed four and five bedrooms.