Intero's Market Report

Millbrae, CA

Single-Family Homes



Millbrae, CA

Mon Mar 01 2021
This week the median list price for Millbrae, CA is $1,725,050 with the market action index hovering around 61. This is an increase over last month's market action index of 57. Inventory has held steady at or around 7. 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 Mar 01 2021
This week the median list price for Millbrae, CA is $1,725,050 with the market action index hovering around 61. This is an increase over last month's market action index of 57. Inventory has held steady at or around 7. 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 $1,725,050
Per Square Foot $939
Days on Market 56
Price Decreased 43%
Price Increased 14%
Relisted 29%
Inventory 7
Median Rent $4,099
Most Expensive $3,498,000
Least Expensive $1,295,000
Market Action 61
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

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
$3,498,000 3,150 0.5 - 1 acre 5 3 53 0 0 224
$2,113,000 2,315 6,500 - 8,000 sqft 3 2 68 1 0 28
$1,710,025 1,659 4,500 - 6,500 sqft 3 1 70 0 1 38
$1,491,500 1,862 8,000 - 10,000 sqft 3 2 73 1 1 73