Is Millbrae, CA 94030 a buyer’s or seller’s market?
Millbrae is a seller’s market. With about 0.9 months of supply and 66% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
#14 of 43 ZIP codes in San Francisco & San Mateo, CA, and #36 of 531 across all the markets we track.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. How the heat score works
The Millbrae housing market right now
In the three months ending August 31, 2026, 66% of homes in Millbrae, CA 94030 sold above their list price, the typical home went under contract in 14 days and there were 0.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 45 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 64%, homes sold about as fast and the median sale price rose 24% to $2,226,537. Overall, Millbrae is about as competitive as it was a year ago.
Within San Mateo County, homes here sell faster than in 73% of the county’s ZIP codes, and sell more often over asking than in 88%. On our competition score, Millbrae ranks #16 of 1,069 CA ZIP codes with enough sales (score 97 out of 100).
Nearby, buyers who want less competition could look at San Gregorio 94074 (0% sold over asking) or Pescadero 94060 (0% sold over asking), while South San Francisco 94080 (71% sold over asking) and San Mateo 94403 (69% sold over asking) are even more competitive.
Run the numbers for 94030
Nearby markets
Atherton 94027Seller’s market $2,451 /sq ftBelmont 94002Seller’s market $1,256 /sq ftBrisbane 94005Seller’s market $756 /sq ftBurlingame 94010Seller’s market $1,503 /sq ft Browse all markets →Towns like Millbrae nearby
Find towns like Millbrae in other states →Where Millbrae is
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Questions about Millbrae real estate
Is Millbrae a buyer’s or seller’s market?
A seller’s market: there were 0.9 months of supply in Millbrae, CA 94030 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Millbrae?
The typical home went under contract in 14 days in the latest three months.
Do homes in Millbrae sell over asking?
66% of homes sold above their original list price, and the typical sale closed at 107.2% of the list price.
What are property taxes in Millbrae?
About 1.15% of a home’s value a year in San Mateo County, or roughly $4,600 on a $400,000 home.
What is the median home price in Millbrae?
The median sale price was $2,226,537 in the three months ending August 31, 2026, about $1,125 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology