Is Millbrae, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Millbrae is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Millbrae has remained a Seller's Market.

Key Takeaway

Millbrae is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Millbrae, CA cost?

Median Sold Price

$1,980,000

$1,139/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$32,000(+1.6%)

Key Takeaway

Homes in Millbrae have sold for 1.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $712.5K$657K
-7.8%
2 $1.0M$1.1M
+8.8%
3 $1.9M$2.0M
+4.7%
4 $2.3M$2.5M
+10.4%
5+ $2.8M$2.2M
-18.8%

Median Sold Price Compared To Nearby Cities

Burlingame
+5.8%
Millbrae
+1.6%
San Bruno
+0.8%

How many homes are available in Millbrae, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
2723-14.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 63
-50.0%
3 1110
-9.1%
4 77
0.0%
5+ 22
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
117-36.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Millbrae, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
11 Days39 Days+252.2%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Millbrae are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Millbrae, CA

Homes for sale in Millbrae, CA have reached 23. The number of listings in Millbrae, CA decreased by 14.8% between October 2022 and November 2022. In November 2022, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $1,980,000. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties went down by 7.8%, 2 bedrooms properties prices increased by 8.8%, the cost of 3 bedrooms properties went up by 4.7%, the cost of 4 bedrooms properties went up by 10.4%, 5 bedrooms properties became 18.8% more cheaper. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 50%, the quantity of 3 bedrooms homes went down by 9.1%, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes inventory did not change. In November 2022, from all listings sold in Millbrae, CA there were more than 2 sold above asking price, over 4 sold below and more than 1 were sold right at the asked price.

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