Mike Bohnert | The Bohnert Group

Millbrae, CA

Single-Family Homes

DRE #01325031



Current active inventory in Millbrae, CA is very low. Keep this in mind when looking at this report.

Millbrae, CA

Mon Dec 11 2023
This week the median list price for Millbrae, CA is $1,680,000 with the market action index hovering around 66. This is an increase over last month's market action index of 63. Inventory has decreased to 3. Click here to stay informed with the Millbrae market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Millbrae, CA

Mon Dec 11 2023
This week the median list price for Millbrae, CA is $1,680,000 with the market action index hovering around 66. This is an increase over last month's market action index of 63. Inventory has decreased to 3. Click here to stay informed with the Millbrae market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Millbrae market.
Median List Price $1,680,000
Median Price of New Listings $0
Per Square Foot $1,388
Average Days on Market 117
Median Days on Market 35
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 66
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$2,980,000 2,060 6,500 - 8,000 sqft 4 3 67 0 0 35
$1,680,000 1,210 0.25 - 0.5 acre 2 2 62 0 1 280
$898,000 650 0 - 4,500 sqft 2 1 70 0 1 35