94030 Housing Market
Median List Price
$2,300,000
Updated August 2026
Today, the 94030 ZIP code in Millbrae, CA has 8 homes for sale at a median list price of $2,300,000, typically selling in about 55 days.
94030 Housing Market Overview
The median list price in the 94030 ZIP code is $2.3M. That is about 4.5% above the Millbrae median. Current inventory stands at 8 active listings. February to July saw the median price go from $2.2M to $2M, down about 6.1%.
94030 Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 1.1 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
Chart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
1.1 months of supply
Tight Supply8 active listings against the current sales pace works out to about 1.1 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 94030 Area
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 94030 Listings
Frequently Asked Questions about the 94030 Housing Market
What is the median home price in the 94030 ZIP code?
The median list price in the 94030 ZIP code is $2,300,000 as of August 2026, based on 8 active listings.
Is the 94030 ZIP code a buyer's market or a seller's market?
The 94030 ZIP code currently reads as a balanced market. Active inventory works out to about 1.1 months of supply at the recent sales pace.
How fast do homes sell in the 94030 ZIP code?
The average home currently for sale in the 94030 ZIP code has been on the market for 55 days.
How many homes are for sale in the 94030 ZIP code?
There are 8 homes for sale in the 94030 ZIP code right now, including 2 listed within the last week.