Is Millbrae, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Millbrae has remained a Seller's Market.
Housing Prices in Millbrae, CA
How much do homes in Millbrae, CA cost?
Median Sold Price
$1,900,000
$1,053/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Millbrae was $1,900,000 in April 2024, up 2.7% from last year, and the median price per square foot was $1,053.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $657K | $725K | +10.4% |
2 Bedrooms | $1.1M | $980K | -12.0% |
3 Bedrooms | $1.9M | $1.8M | -4.0% |
4 Bedrooms | $2.1M | $2.4M | +14.9% |
5+ Bedrooms | $2.3M | $2.4M | +5.4% |
Summary: Millbrae housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes decreased by 12%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
Millbrae | $1.8M | $1.9M | +2.7% |
San Bruno | $1.2M | $1.3M | +1.4% |
Burlingame | $2.5M | $2.4M | -6.0% |
Housing Supply in Millbrae, CA
How many homes are available in Millbrae, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 33 | +13.8% |
Summary: The Millbrae real estate market had 33 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 3 | -50.0% |
3 Bedrooms | 11 | 17 | +54.5% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Millbrae housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 19 | +216.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Millbrae in April 2024, up by 216.7% month-over-month. Of the 19 sold homes, 21% were sold under asking, 11% were sold at asking, and 68% were sold over asking.
Days on Market for Millbrae, CA
How long does it take to sell a home in Millbrae, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 12 Days | +55.0% |
Summary: Homes in Millbrae had an average of 12 days on market in Apr 2024, up by 55% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Millbrae; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.