It’s been a challenging couple of years for the real estate market in Mills Estates, the neighborhood of mid-century homes located on the hillside border between Burlingame and Millbrae.  After seeing its home values fall by 11% in 2022 to 2023, Mills Estates real estate stabilized, value-wise, but activity fell off significantly, from 22 sales (in 2022) to 21 sales (2023) to only 13 sales in 2024.  Reading more closely, this could be simply the result of less inventory, as Mills’ average DOM dropped from 31 to 23 and its average sale-to-list price ratio gained six points to 105.4%. Still, both of those figures don’t approach data recorded in 2022 and Mills Estates’ average price-per-square foot, $1,318, is $83 lower than the $1,401 recorded in 2022 and in the bottom third of Burlingame real estate. 

To view a detailed google map of the Mills Estates neighborhood, click here. The MLS area is 472.

Favorable

• Open floorplan homes mostly built in the 1960s

• Opportunity for larger square footage and larger lot

• Close to 280 and easy to pop down Trousdale to the Millbrae BART station

• Many homes have sweeping bay views

Adverse

• Does not have a typical Burlingame older home feel

• Not close to Burlingame Ave and Broadway

• Hilly, though some streets are level

Burlingame is one of the few areas that has maintained its gracious charm and timeless elegance over the decades. A favorite among families, Burlingame’s two main shopping areas, Burlingame Avenue and Broadway, attract a wide variety of shoppers discovering its boutiques, restaurants, dessert places, and clothing stores. Home to fresh farmer’s markets every Sunday morning in the summer and fall, jazz concerts in Washington Park, and a yearly Art in the Park fair, Burlingame is a wonderful place to start a family or retire later in life, and is well equipped for both!

Its tree lined streets offer an abundance of architecture and style of homes, from quaint two bedroom bungalows to thoughtfully designed four and five bedrooms.