Mill Bay, British Columbia, Canada
As of August 12, 2026, the median asking price in Mill Bay is $1,115,950, across 30 active MLS® listings.
Those listings have been on the market an average of 66 days.
10 new listings came to market in Mill Bay in the last 30 days.
Asking prices work out to about $485 per square foot, based on the 28 listings that report floor area.
Detached homes in Mill Bay are listed at an average of $1,274,823 across 26 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).
Market Pulse for Mill Bay in Mill Bay, BC: current live market data is limited, so pricing trends and momentum are less clear than usual. Buyers and investors should expect higher uncertainty and rely more heavily on recent comparable sales and on-the-ground listing activity, with careful due diligence on any individual property until more data points emerge.
Walk Score 57 · Bike Score 23
The median asking price in Mill Bay is $1,115,950, across 30 active MLS® listings as of August 12, 2026. The average asking price is $1,181,410. These are list prices on homes currently for sale, not sale prices.
There are 30 active MLS® listings in Mill Bay as of August 12, 2026. 10 of them came to market in the last 30 days.
Homes currently listed in Mill Bay have been on the market an average of 66 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Of the 30 homes currently listed in Mill Bay, 87% detached houses, 7% vacant land, 3% townhouses.
Mill Bay has a Walk Score of 57 out of 100, which Walk Score classifies as Somewhat Walkable — some errands can be accomplished on foot. Bike Score is 23.