Millbrae, CA Housing Market
Median List Price
$2,300,000
Updated August 2026
Today, Millbrae has 8 homes for sale at a median list price of $2,300,000, typically selling in about 55 days.
Millbrae Market Analysis
Homes in Millbrae, CA carry a median list price of $2.3M. Per square foot, the median stands at $1,087. The median price moved from $2.2M in February to $2M in July, a 7.8% decrease over six months.
The typical listing reaches pending status in about 7 days. That is a quick turnaround, so buyers who wait on a well priced home often miss it. Right now 8 homes are on the market in Millbrae, CA. 5 new listings came on the market in the last 30 days.
Single family homes make up about 75.0% of current inventory. Addresses here carry the 94030 ZIP code.
Millbrae Rental Market
Rentals in Millbrae, CA carry a median asking rent of $6,200. The median rent moved from $3,400 in November 2025 to $8,500 in July 2026, a 150.0% increase over six months. Right now 3 rentals are on the market in Millbrae, CA.
Millbrae Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 1.3 months of supply, and selling times have improved 69% versus six months ago. At the same time, the typical home takes about 55 days to sell, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$2.30M
↑ 26% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
1.3 months of supply
Tight Supply8 active listings against the current sales pace works out to about 1.3 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~55 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 69% over the last six months.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in Millbrae
Homeownership is higher than average, and most households in this area own rather than rent.
63%
Homeowners
37%
Renters
Homeownership is 7.5 points higher than the California average (55.5%)
7,998 households (2023)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $634K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$2.0M)
Price Reductions
1 listings have reduced their price
13% of active listings
Average reduction: 5.4% (~$124K)
Browse Millbrae Listings
Frequently Asked Questions about the Millbrae, CA Housing Market
What is the median home price in Millbrae, CA?
The median list price in Millbrae is $2,300,000 as of August 2026, based on 8 active listings.
Is Millbrae a buyer's market or a seller's market?
Millbrae currently reads as a seller's market. Active inventory works out to about 1.3 months of supply at the recent sales pace.
How fast do homes sell in Millbrae?
Homes that closed in the last 90 days typically went under contract in about 7 days. The average home currently for sale has been on the market for 55 days.
Are home prices in Millbrae going up or down?
The median sale price in Millbrae is up about 25.9% compared with a year ago.
How many homes are for sale in Millbrae, CA?
There are 8 homes for sale in Millbrae right now.
What is the median rent in Millbrae?
The median asking rent in Millbrae is $6,200 per month, across 3 active rental listings.