Monthly market wrap MONTHLY MARKET WRAP Millbrae Condos · May 2026 Millbrae held steady in May: the key market signals were mixed. Median sale price $904K ▲ +3.9% vs Apr Time to pending 335d ▲ 312 days slower vs Apr Sold over asking 0% ▼ -60 pts vs Apr Active listings 4 ▼ -42.9% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Millbrae Condos · May 2026 Only 0% of Millbrae condos sold over asking, so buyers have room to negotiate. 91.4% average sale price vs. asking price Sold over asking 0% vs. a year ago N/A 106.6% 102.2% 97.7% Sold at asking price 91.4% May 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 Condos · May 2026 Millbrae condos are closing +8.6% below asking. The list price has become a starting point. -$1.25M median sale price minus asking price Median asking price $2.16M Median sale price $904K $2.12M $1.55M $970K Sold Asking May 2024 Apr 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Millbrae Condos · May 2026 Where Millbrae condo values stand right now. $904K median sale price Year over year N/A Homes sold last month 1 $1.05M $898K $741K $904K Dec 2018 Aug 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Millbrae Condos · May 2026 Millbrae condos are taking 335 days to sell, so patience and pricing win. 335 days median time to pending Gone within two weeks 25% vs. a year ago N/A 296d 198d 99d 335d May 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Millbrae Condos · May 2026 Millbrae buyers have 4 active condos to choose from. 4 active listings Year over year N/A Months of supply 4.0 13 9 5 4 May 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 Condos · May 2026 1 in 2 Millbrae listings cut its asking price last month. 50% of active listings cut their asking price vs. a year ago N/A Active listings 4 49% 38% 26% 50% Jun 2024 Jul 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Millbrae Condos · May 2026 Only 25% of Millbrae condos went pending within two weeks. Most listings are taking their time. 25% of listings went pending within two weeks Median time to pending 335 days vs. a year ago N/A 41% 25% 9% Half of listings 25% May 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Millbrae Condos · May 2026 April is historically Millbrae's calmest month for buyers: 3.8 pts less over-asking than December. April historically the calmest month for buyers Buyer's edge vs December -3.8 pts Years of Redfin data 8+ Yearly average J F M A M J J A S O N D -1.7 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 Condos · May 2026 Millbrae condo values are down -5% from 10 years ago. -5% median sale price growth since 2016 Median price in 2016 $951K Average gain per year -0.5% $989K $911K $833K $904K Oct 2015 Jan 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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