Millbrae Housing Market Report March 2025•San Mateo County, California

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Housing Prices in Millbrae, CA

How much do homes in Millbrae, CA cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$2,198,000$1,023/SqFt
+$574,000
+35.3%

Based on all homes listed in March 2025

Insight

The list price of homes in Millbrae has increased by 35.3% since February.

Summary: The median home list price in Millbrae was $2,198,000 in March 2025, up 35.3% from the previous month, and the median price per square foot was $1,023.

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2025Mar 2025Change MoM
1$888K-
N/A
2$969.5K$889K
-8.3%
3$2.7M$2.1M
-19.9%
4--
N/A
5$3.7M$3.7M
0.0%

Summary: Millbrae housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -8.3%. The home price for 3 bedroom homes decreased by -19.9%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Millbrae, CA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Millbrae, CA

Housing supply in Millbrae, CA

How many homes are available in Millbrae, CA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
3Last MonthMar 2025
62 months agoFeb 2025
-50.0 %
Change MoMFeb – Mar

Summary: The Millbrae real estate market had 3 homes for sale in Mar 2025, a 50.0 % decrease compared to Feb 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
110
-100.0%
221
-50.0%
511
0.0%
321
-50.0%
400
0.0%

Summary: Millbrae housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 5 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -50.0%. The inventory for 4 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Millbrae, CA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Millbrae, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Millbrae in March 2025, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Millbrae, CA

How long does it take to sell a home in Millbrae, CA?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Millbrae are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 2 homes were sold in Millbrae; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
40 DaysLast MonthMar 2025
42 Days1 month agoFeb 2025
-5.5 %
Change MoMFeb – Mar

Summary: Homes in Millbrae had an average listing age of 40 days in Mar 2025, down by 5.5% compared to the previous month.

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Newest Listings in Millbrae, CA

What homes are available in Millbrae, CA?

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MLS Disclaimers and Copyright

Based on information from San Francisco MLS, for the period 02/01/2025 - 04/01/2025

IDXListings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
© 2025 San Francisco Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/13/2025, 12:55:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.