Carolands real estate ranges in price from the mid-$3 million all the way up to eight figures. The community’s housing inventory leans toward sprawling, three-, four- and five-bedroom ranch-style homes built in the 1950s and 60s, with spacious half-acre-and-up lots. Many have San Francisco Bay views. Dotted in among the original mid-century homes are newer, often larger properties, and a handful of older, traditional homes whose origins pre-date the subdivision of the original Carolands estate.

Carolands activity rebounded last year as sales rose by 62%. 21 homes sold in the Upper Hillsborough neighborhood, making it the most popular neighborhood in 2024.  Average home values fell to $4.95 million but consider this: 75% of Carolands’ 2024 sales fell between $4 and $6 million, with the highest neighborhood sale coming in at $7.38 million. This contrasts with 2023 when a pair of eight-figure sales (out of 13 total sales) pushed the neighborhood average to $5.85 million. Also, consider that Carolands homes sold 10% more per square foot ($1,459) in 2024 than in 2023 and the average DOM fell by 23%, from 30 in 2023 to 23 in 2024. 

To view a detailed google map of the Carolands neighborhood, click here. The MLS area is 446.

Favorable

• A wide range in real estate prices

• Has newer and larger properties as well as older and traditional homes

• Spread out, ranch style homes with spacious, half-acre-and-up lots

• Many homes have San Francisco Bay views

Adverse

• Inventory is typically on the lower side