Intero's Market Report

Millbrae, CA

Single-Family Homes



Millbrae, CA

Wed Jul 06 2022
This week the median list price for Millbrae, CA is $2,518,500 with the market action index hovering around 67. This is less than last month's market action index of 70. Inventory has increased to 20. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Millbrae, CA

Wed Jul 06 2022
This week the median list price for Millbrae, CA is $2,518,500 with the market action index hovering around 67. This is less than last month's market action index of 70. Inventory has increased to 20. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Millbrae market.
Median List Price $2,518,500
Median Price of New Listings $2,398,000
Per Square Foot $1,011
Average Days on Market 56
Median Days on Market 14
Price Decreased 20%
Price Increased 10%
Relisted 0%
Inventory 20
Median Rent
Market Action 67
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
$3,498,000 3,480 8,000 - 10,000 sqft 5 5 32 0 0 21
$2,600,000 2,740 6,500 - 8,000 sqft 4 3 71 1 1 21
$2,288,000 2,310 6,500 - 8,000 sqft 3 3 61 2 1 7
$1,688,000 1,490 6,500 - 8,000 sqft 3 2 75 0 0 14