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Featured local agent — Millbrae, CA
Sarah Mitchell
Compass Real Estate · Millbrae, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Millbrae, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.84Mmedian sale price
How is the Millbrae, CA housing market right now?
The median home sale price in Millbrae, CA is $1.84M, down 18.3% year-over-year. Homes sell in an average of 11 days with 17 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Millbrae a buyer's or seller's market?
Millbrae, CA is currently a strong seller's market, based on 2.1 months of supply and homes selling in about 11 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
11
Fast-moving
Active listings
17
2.1 months supply
Sale-to-list
110.4%
Above asking
What does the Millbrae housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.84M |
| Median list price | $2.16M |
| Year-over-year price change | -18.3% |
| Average days on market | 11 days |
| Active inventory | 17 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 110.4% |
| Median price per sq ft | $1,231/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 19 |
| Listings with a price cut | 17.6% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Millbrae by property type?
How the Millbrae, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $2.33M | $1,300/sq ft | 6 | 10 days |
| Condo / Co-op | $904,000 | $1,075/sq ft | 1 | 335 days |
Source: Redfin · Updated monthly
The Millbrae housing market is currently classified as a strong seller's market with a median sale price of $1.84M. Prices have fallen 18.3% compared to last year, with homes spending an average of 11 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 13.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Millbrae
There are currently 17 homes listed for sale in Millbrae, California. The median listing price is $2.2M.
Active listings
17
Homes on market
Median list price
$2.2M
Avg. days on market
11
Days until sale
New this week
19
Newly listed
Who lives in Millbrae?
Population
22,589
Median income
$157,567/yr
Median age
45.3 years
Owner-occupied
63.2%
College grads
50.5%
Avg commute
28.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Millbrae?
Zillow home value
$2.08M
Zillow rent index
$3,767/mo
Price-to-rent ratio
46.1x
Price-to-income
13.2x
Source: Zillow Research
What is it like to live in Millbrae?
Millbrae is a community of approximately 23K residents with a median age of 45.3 years.The median household income is $157,567, which reflects a relatively affluent area with strong earning potential. 50.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 63.2%, showing a blend of owner and renter-occupied properties. The average commute time is 28.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Millbrae offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Millbrae?
5 schools tracked · 2,893 students
The largest public schools serving Millbrae, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Mills High
Grades 9-12 · 1,119 students
Taylor Middle
Grades 6-8 · 724 students
Spring Valley Elementary
Grades K-5 · 382 students
Green Hills Elementary
Grades K-5 · 336 students
Meadows Elementary
Grades K-5 · 332 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Millbrae, CA?
Want a head-to-head view? Compare Millbrae side-by-side with any other U.S. city using our market-comparison tool.
Is Millbrae a good real estate investment market?
For investors evaluating Millbrae, the price-to-rent ratio of 46.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 18.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Millbrae's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Millbrae's median home price.
Frequently asked questions
What is the average home price in Millbrae?
The median home sale price in Millbrae is $1.84M, down 18.3% from last year.
How long do homes stay on market in Millbrae?
Homes typically spend 11 days on market before going under contract.
What is the median income in Millbrae?
The median household income is $157,567 per year.
Is Millbrae a buyer's or seller's market?
With 2.1 months of supply, Millbrae is currently a strong seller's market.
What is the Zillow home value estimate for Millbrae?
The Zillow Home Value Index (ZHVI) for Millbrae is $2.08M, representing the typical home value in the area.
What is the median condo price in Millbrae?
The median condo/co-op sale price in Millbrae, CA is $904,000, compared to $2.33M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Millbrae?
The median single-family home price in Millbrae, CA is $2.33M (about $1,300 per square foot).
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