Home Sales Numbers Rise in Millbrae Real Estate Market

The number of home sales in the Millbrae market jumped 33.3% to 16 homes over the last 30 days, exceeding the 14.4 monthly average for the last 12 months. At the same time, close-by San Mateo reported 91 home sales, the highest number from all the surrounding cities. Prices are rising in Millbrae, and the median sales price this period increased from $1,487,500 to $1,550,000. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Millbrae is a solid seller's market.

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$799K   $849K   $1.1M  

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Demographic facts for Millbrae:

  • This area has a population growth rating of 57. (Scale: 1 = Worst, 100 = Best)
  • You can expect to pay property taxes at a rate of $5.34/$1,000.
  • The commute times can range from: <15 min (29.5%), 15-29 min (35.0%), 30-44 min (23.1%), 45-59 min (6.5%), >60 min (6.0%).

Data reported through 10/12/2016

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Better Homes and Gardens Real Estate J.F. Finnegan
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