Mills Estates, Millbrae Housing Market · 2026

Data through May 2026

Mills Estates, Millbrae Market Snapshot

Mills Estates still favors sellers, but the market is cooling. Here's where things stand:

Based on 11 homes sold in May 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Enough to see the trend, but individual sales still move the median. Updated weekly.

Data through May 2026

SalesWhat are homes selling for?
Median Sale Price
$1.80M
Down 33.3% from May 2025
Down $900K from May 2025
Homes Sold
11
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$11,151/mo
6.49% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$9,092
  • Property Tax$1,875
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
14 days
2 more days than in May 2025
Homes sell in a week or two
Sale-to-List Ratio
105.2%
Down from 106.2% in May 2025
Selling 5% above asking
% Sold Over Asking
36%
36% of homes sold above asking, some competition
Active Listings
n/a

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Mills Estates.

Median Sale Price
Down 33.3% year-over-year in Mills Estates. Based on 11 sales in the most recent month.
Homes Sold
42% fewer homes sold than a year ago in Mills Estates.
Total Monthly Payment
Estimated monthly cost is down 35% from a year ago in Mills Estates, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 6.49%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about Mills Estates, Millbrae

Is now a good time to buy in Mills Estates, Millbrae?

Mills Estates, Millbrae still favors sellers, but conditions are slowly improving for buyers. Well-priced homes move fast, and there is slightly more room to negotiate than there was a year ago.

How do Mills Estates, Millbrae home prices compare to the Bay Area average?

At $1.80M, Mills Estates, Millbrae's median is close to the Bay Area average of $1.85M.

This is close to the Millbrae city-wide median of $1.84M.

By home type:

  • Condos at $701K
  • Single-family homes at $3.28M
What price range should I budget for in Mills Estates, Millbrae?

Prices in Mills Estates, Millbrae depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Condos at $701K
  • Single-family homes at $3.28M

Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.

How competitive is Mills Estates, Millbrae for buyers?

Mills Estates, Millbrae currently favors sellers:

  • Homes sell about 5% above asking on average
  • 36% close above list price
  • 14 days typical time to go pending

Buyer strategy: well-priced homes still move quickly, but there is modest room for strong offers. Come in pre-approved with a clear plan.

What will my total monthly cost be on a median-priced Mills Estates, Millbrae home?

At $1.80M with 20% down at 6.49%, your estimated total monthly cost is approximately $11,151:

  • $9,092 principal and interest
  • $1,875 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

No noise, just a quick weekly read on what's going on in your market.

Melanie Tan
Melanie Tan
DRE #02250755
“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
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