Mills Estates, Millbrae Housing Market · 2026

Data through Jul 2026

Data curated by Melanie Tan, 8 Blocks Real Estate · How this data works

Mills Estates, Millbrae Market Snapshot

Mills Estates is still one of the most competitive markets in the Bay Area, but competition is starting to ease. Here's the picture:

Based on 11 homes sold in the 3 months ending July 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 July 2026

SalesWhat are homes selling for?
Median Sale Price
$2.85M
Up 3.3% from July 2025
Up $92K from July 2025
Homes Sold
11
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$17,892/mo
6.71% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$14,738
  • Property Tax$2,971
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
15 days
3 more days than in July 2025
Homes typically sell within a month
Sale-to-List Ratio
106.6%
Down from 106.9% in July 2025
Selling 7% above asking
% Sold Over Asking
63%
More than half of homes sold above their asking price
Active Listings
3
Down 73.2% from July 2025
About 0.9 months of supply. Very low, limited options for buyers

Market Trends

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

Median Sale Price
Up 3.3% year-over-year in Mills Estates. Based on 11 sales in the last 3 months.
Homes Sold
35% fewer homes sold than a year ago in Mills Estates.
Total Monthly Payment
Estimated monthly cost is up 3% 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 6.71%. 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 is still a highly competitive market, but conditions are starting to ease. Buyers should move quickly on well-priced homes and expect to offer above asking, though the most intense bidding wars may be tapering.

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

At $2.85M, Mills Estates, Millbrae's median sits about 58% above the Bay Area average of $1.80M. Mills Estates, Millbrae is on the higher end of the regional market.

Within Millbrae, this area trades about 29% above the city-wide median of $2.21M.

By home type:

  • Single-family homes at $2.95M
  • Condos at $695K
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:

  • Single-family homes at $2.95M
  • Condos at $695K

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 is one of the Bay Area's more competitive markets:

  • Homes sell about 7% above asking on average
  • 63% close above list price
  • 15 days typical time to go pending
  • 23% of listings have had a price reduction

Buyer strategy: budget 5 to 10% above ask on well-priced listings, with financing pre-approved and offers ready to move quickly.

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

At $2.85M with 20% down at 6.71%, your estimated total monthly cost is approximately $17,892:

  • $14,738 principal and interest
  • $2,971 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.”
See all reviews on Zillow

Let's Chat!

I read every message and usually reply the same day.

What brings you here?