Tue Oct 19 2021
This week the median list price for Millbrae, CA is $2,198,000 with the market action index hovering around 77. This is less than last month's market action index of 78. Inventory has decreased to 7.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$2,198,000|
|Median Price of New Listings||$0|
|Per Square Foot||$1,110|
|Average Days on Market||92|
|Median Days on Market||35|
|Strong Seller's Market|
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
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||455|
|$2,644,000||2,630||8,000 - 10,000 sqft||4||5||73||0||2||24|
|$2,043,000||1,950||8,000 - 10,000 sqft||3||3||68||0||1||45|
|$1,484,000||1,301||4,500 - 6,500 sqft||3||2||73||0||2||24|