Monthly market wrap MONTHLY MARKET WRAP Millbrae All home types · May 2026 The Millbrae market tilted hotter in May: most key signals moved the seller's way. Median sale price $1.84M ▲ +2.2% vs Apr Time to pending 11d ▼ 4 days faster vs Apr Sold over asking 75% ▲ +8 pts vs Apr Active listings 17 ▲ +6.3% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Millbrae All home types · May 2026 Bidding wars are the norm in Millbrae: 75% of homes sold over asking. 110.4% average sale price vs. asking price Sold over asking 75% vs. a year ago -1 pts 108.1% 104.9% 101.8% Sold at asking price 110.4% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP Millbrae All home types · May 2026 Millbrae homes are closing +10.4% above asking. The list price is the floor, not the ceiling. -$319K median sale price minus asking price Median asking price $2.16M Median sale price $1.84M $2.12M $1.55M $976K Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Millbrae All home types · May 2026 Millbrae home values dipped -18.3% from a year ago. $1.84M median sale price Year over year -18.3% Homes sold last month 8 $2.09M $1.86M $1.62M $1.84M Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Millbrae All home types · May 2026 Millbrae homes are flying off the market in 11 days, 1 day faster than last year. 11 days median time to pending Gone within two weeks 50% vs. a year ago 1 day faster 46d 31d 15d 11d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Millbrae All home types · May 2026 Millbrae inventory is down 32.0% year over year, keeping buyer choice tight. 17 active listings Year over year -32.0% Months of supply 2.1 21 15 9 17 Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in Millbrae? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS Millbrae All home types · May 2026 18% of Millbrae listings cut their asking price last month, up 14 pts from a year ago. 18% of active listings cut their asking price vs. a year ago +14 pts Active listings 17 29% 21% 13% 18% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Millbrae All home types · May 2026 Millbrae moves at two speeds: 50% of homes were gone inside two weeks while the rest sat longer. 50% of listings went pending within two weeks Median time to pending 11 days vs. a year ago -23 pts 66% 47% 28% Half of listings 50% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Millbrae All home types · May 2026 January is historically Millbrae's calmest month for buyers: 4.6 pts less over-asking than May. January historically the calmest month for buyers Buyer's edge vs May -4.6 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -2.8 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE Millbrae All home types · May 2026 Millbrae home values are up +43% over the past 10 years. +43% median sale price growth since 2016 Median price in 2016 $1.28M Average gain per year +3.7% $1.96M $1.7M $1.43M $1.84M May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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