Mill Bay, British Columbia
As of September 27, 2026, the median asking price in Mill Bay is $1,132,000, across 29 active MLS® listings.
Those listings have been on the market an average of 59 days.
10 new listings came to market in Mill Bay in the last 30 days.
Asking prices work out to about $499 per square foot, based on the 29 listings that report floor area.
Detached homes in Mill Bay are listed at an average of $1,370,259 across 22 active listings.
Ocean Air, Acreage, Easy Commutes
Mill Bay sits on the east side of southern Vancouver Island where the shoreline softens into coves, marinas, and views across Saanich Inlet. Long known as a waypoint between Victoria and the Cowichan Valley, it has the feel of a community that grew up around the water—workboats, weekend sailors, and families grabbing groceries before heading home up a quiet, tree-lined road.
The neighbourhood character is distinctly semi-rural: newer subdivisions tucked off the highway, established streets with larger lots, and a patchwork of hobby farms and wooded acreages that still read “country” even as Victoria’s orbit expands. Residents skew toward families, commuters, and downsizers who want space without giving up services—schools close by, daily errands manageable, and a social life that often revolves around the marina, local cafés, and community events.
Real estate in Mill Bay spans entry-level homes in newer builds, mid-century houses on generous lots, and a smaller but coveted slice of waterfront or near-water properties with panoramic inlet views. Inventory can be sensitive to interest-rate shifts and seasonal timing, but the underlying draw remains consistent: a 25–35 minute drive to downtown Victoria (traffic depending), proximity to Duncan, and a lifestyle that blends coastal recreation with room to breathe—more “drive-and-dock” than fully walkable (Walk Score around 57).
Mill Bay’s current for-sale market is moderately supplied with 31 active listings at a median asking price of $1,100,000, averaging $497 per sq ft and 67 days on market so far, suggesting buyers have some room to compare options and negotiate. With 12 new listings added in the past 30 days, selection is replenishing across the broader community—typically ranging from larger, view-oriented homes and acreages to more convenient, lower-maintenance options closer to services—so pricing and pace can vary meaningfully by pocket and property type.
AI-written commentary on the active MLS® listing snapshot as of September 22, 2026. Not financial advice.
Walk Score 57 · Bike Score 23
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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