Single-Family Homes
Mon Oct 07 2024
This week the median list price for Millbrae, CA is $1,998,000 with the market action index hovering around 61. This is less than last month's market action index of 66. Inventory has increased to 13.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $1,998,000 | |
Median Price of New Listings | $1,849,000 | |
Per Square Foot | $1,040 | |
Average Days on Market | 43 | |
Median Days on Market | 28 | |
Price Decreased | 15% | |
Price Increased | 23% | |
Relisted | 0% | |
Inventory | 13 | |
Median Rent | ||
Market Action | 61 | |
Strong Seller's Market |
The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$3,398,000 | 3,830 | 8,000 - 10,000 sqft | 6 | 4.5 | 44 | 0 | 0 | 21 |
$2,148,000 | 1,640 | 6,500 - 8,000 sqft | 3 | 1.5 | 76 | 0 | 3 | 42 |
$1,849,000 | 1,880 | 6,500 - 8,000 sqft | 4 | 2 | 77 | 2 | 0 | 0 |
$1,444,024 | 1,530 | 4,500 - 6,500 sqft | 3 | 2 | 71 | 1 | 0 | 24 |