Millbrae Home Prices & Values

$1,144,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 15.2% 1-year change
  • 4.4% 1-year forecast

Market Temperature: HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Millbrae is $1,144,400. Millbrae home values have gone up 15.2% over the past year and Zillow predicts they will rise 4.4% within the next year. The median list price per square foot in Millbrae is $673, which is higher than the San Francisco Metro average of $394. The median price of homes currently listed in Millbrae is $928,000 while the median price of homes that sold is $1,300,000. The median rent price in Millbrae is $2,825, which is higher than the San Francisco Metro median of $2,370.

Foreclosures will be a factor impacting home values in the next several years. In Millbrae 0.9 homes are foreclosed (per 10,000). This is lower than the San Francisco Metro value of 2.0 and also lower than the national value of 4.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Millbrae is 4.8%, which is lower than the national value of 8.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Millbrae homeowners underwater on their mortgage is 2.1%, which is lower than San Francisco Metro at 10.7%.

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Relative ZHVI
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Millbrae Market Overview

Data through Mar 31, 2014
  • $1,144,400 ZHVI
  • 4.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow’s prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Mar 31, 2015)
  • $928,000 Median listing price
  • $1,300,000 Median sale price (Jan 31, 2014)
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Millbrae Market Health

Data through Mar 31, 2014
  • 8.4/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region’s housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)

Homes foreclosed (per 10,000)

0.9 homes(Nov 30, 2013) Millbrae
2 homes San Francisco Metro
4.9 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Hillsborough $3,293,300 Burlingame $1,531,300 Highlands-Baywood Park $1,371,200
San Mateo $844,300 Moss Beach $842,900 San Bruno $694,300
Pacifica $687,200 South San Francisco $657,500 Brisbane $636,900

Listings & Sales

Data through Mar 31, 2014
  • $673 Median list price / sq ft
  • $720 Median sale price / sq ft (Jan 31, 2014)
  • 7.7% Listings with price cut
20.7%
Sold below listing
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Millbrae Rentals

Data through Mar 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$3,542 Millbrae
$2,711 San Francisco Metro
$1,315 United States
  • No recent data Breakeven horizon
  • $2,825 Rent list price
  • $2.29 Rent list price / sq ft
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