The Peninsula · San Mateo County

The Millbrae real estate market.

A data-first read on Millbrae, drawing on 316 home sales recorded across the MLS in the two years ending July 2026.

Market at a glance

Millbrae, by the numbers

Single-family median
$2,200,000
246 sales · 11 days
Condo / townhome median
$877,500
70 sales · 20 days
SFR price / sq ft
$1,200
Single-family
Sale-to-list (SFR)
106.8%
vs. asking price
Condo price / sq ft
$762
Condo / townhome
Homes sold (MLS · 24 mo)
316
All brokerages, market-wide

Source: Bay East / Paragon MLS closed sales, Jul 2024 – Jul 2026. Single-family = detached; condo/townhome = attached. Medians; verify specifics for any individual property.

Price trends

Millbrae price trends, month by month

2024-07–2026-07, real MLS closings. Single-family and condo/townhome shown separately.

Single-family, Median $2,200,000 · up ~8% year-over-year · 106.8% of list · 11 days on market

Condo / townhome, Median $877,500 · roughly flat year-over-year · 99.0% of list · 20 days on market

Days on market

How long homes take to sell, month by month, lower is faster. Single-family vs. condo/townhome.

What the numbers say

Millbrae's single-family homes carry a median of $2,200,000, making it mid-priced for the Peninsula. Single-family homes have been fiercely competitive, closing in a median of 11 days at 106.8% of list, routinely above asking. Single-family values have been climbing, up roughly 8% from a year earlier.

Condos and townhomes are close to a separate market, with a median of $877,500, roughly 2.5× more attainable than a detached house and the easier way into Millbrae. Condos and townhomes have sold at a measured pace, a median of 20 days on market, close to asking (99.0% of list). Condo and townhome values have held roughly flat over the past year.

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Millbrae, common questions

What buyers & sellers ask us

What is the median home price in Millbrae, CA?

Based on 316 closed sales in the 24 months ending July 2026 (Bay East/Paragon MLS), Millbrae's single-family median was $2,200,000 and condos/townhomes $877,500. Prices vary by neighborhood and property type.

Are homes in Millbrae selling over asking?

Over the last 24 months, Millbrae single-family homes closed at a median of 106.8% of list price and sold in about 11 days.


Figures from Bay East / Paragon MLS closed sales, 24 months ending July 2026; medians, not guarantees.

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