Housing in Millbrae, CA

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$1,618,000

Median List Price

$1,998,000

Price Per Sq Ft

$993

Days on Market

25

Active Inventory

13

Months of Supply

1.4

Seller's market

Zillow Home Value

$1,956,753

ZHVI — January 2026

Zillow Rent Index

$3,630

ZORI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 18.4%List Price ↑ 14.3%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

66.7%

Off Market in 2 Weeks

62.5%

Sale-to-List Ratio

104.5%

Seller's market

Sold Above Asking
66.7%
Under Contract in 2 Wks
62.5%
Listings with Price Drops
15.4%

Market Activity

Source: Redfin

Homes Sold

9

New Listings

15

Pending Sales

8

Homes Sold ↑ 50.0%New Listings ↓ 11.8%Pending ↑ 33.3%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$993

Median List $/SF

$1,031

Sale $/SF ↓ 6.8%List $/SF ↑ 10.6%Mar 24 → Jan 26

Millbrae vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 10,000 - 25,000 residents. Millbrae is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$1,929,700

Median Rent

$3,401

Total Housing Units

8,566

Vacancy Rate

6.6%

Owner Occupied

63.2%

Renter Occupied

36.8%

Median Property Tax

$9,387

per year

Monthly Cost (w/ Mortgage)

$3,150

Housing Types

Single Family
67.1%
Multi-Family
32.5%
Mobile Home
0.4%

The current median sale price in Millbrae, CA is $1,618,000 according to Redfin data. Homes spend a median of 25 days on the market. 66.7% of homes sold above asking price. The market has 1.4 months of supply. The median price per square foot is $993. Zillow's observed rent index is $3,630/month. About 63.2% of housing units are owner-occupied. The median year homes were built is 1960. There are 8,566 total housing units.