Millbrae, CA Home Values & Market Trends
Real estate market trends reflect that there have been 148 transactions over the past year in Millbrae. The median value for residential home transactions that occurred over the previous year is $1,964,505.21. The number of current listings in Millbrae is 4, and the percentage of properties for sale in the city is 4.00%. Millbrae, CA currently has 3 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 4 properties for sale.
Millbrae, CA Real Estate Market Overview
Zip | Median Est. Value |
---|---|
94030 | $ 1,304,375 $ 929/sqft |
Housing Market Summary for Millbrae, CA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $1.7M | $1.9M | 12.99% |
Median Sold Price | $2M | $1.9M | -4.94% |
Homes For Sale | 9 | 2 | -77.78% |
Homes Sold | 151 | 155 | 2.65% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Millbrae, CA
Browse Homes in Millbrae, CA
Millbrae home values range from $491,541 to $5,157,000. The median estimated value of a home in Millbrae is $1,964,505.21. The median list price of a home is 1,093,000, and the total count of properties in the city is 6,354.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Millbrae, CA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Millbrae, CA; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Millbrae, CA ranges from the highest value of $1,785,000 in 94030 to the lowest value of $1,785,000 in 94030. Bank owned homes and properties account for 0.02% of properties in Millbrae, CA. There is 1 zips within Millbrae, CA; 94030 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions94030 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Millbrae, CA. Auction homes and other auction properties account for 0.03% of all properties in Millbrae, CA. There is 1 zips within Millbrae, CA; of that zips, the median estimated home value for homes going to auction ranges from $1,723,250 in 94030 to the lowest value of $869,500 in 94030.
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Guide for Millbrae, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.
Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.
The San Bernardino real estate market is experiencing stability and modest growth. Median property values are consistent, while foreclosures, pre-foreclosures, and auctions present unique investment opportunities due high avg values.