Communities
Millbrae
Thriving downtown. Tree-lined streets. Friendly community.
In many ways, Millbrae is the embodiment today’s ever-changing Peninsula city. A small town facing perpetual growth, Millbrae grapples with issues relating to transportation, housing, education and a constantly evolving demographic makeup. So far, this town of 21,000 has met each challenge head-on, packaging a state-of-the-art BART and Caltrain station with increased downtown residential building, upgrading and expanding its downtown core and demonstrating to the world that this little town is more than a simple “suburb.” Millbrae grows; Millbrae thrives.
Millbrae occupies a market segment just below that of southern neighbor Burlingame and above that of San Bruno, with whom it shares a boundary to the north. Its residential neighborhoods include the tree-lined, pre-war streets of Millbrae Highlands and the sleek, jet-age homes with views of Mills Estates. It also has a number of entry-level neighborhoods made up of simple, neat ranch homes on 5,000 square-foot lots. It has its aforementioned downtown, its increasingly urban condominium and apartment market, and a large eastern quadrant bisected by El Camino Real and bordered by San Francisco International Airport. It offers superior transportation options, proximity to San Francisco and a close relationship with the airport originally known as “Mills Field.” In fact, the airport has been responsible for much of Millbrae’s post-war growth.
Millbrae’s modern roots should be familiar to anyone who’s studied San Mateo County. They begin in 1821, when the Mexican government granted Rancho Buri Buri to Jose Antonio Sanchez. In 1860, banker Darius Ogden Mills purchased 1,000 acres of Rancho Buri Buri. He called his new estate “Millbrae,” a combination of his last name and the Scottish word for “rolling hills.”
Eventually, most of Mills’ land was subdivided and became the city of Millbrae. Mills Field, for example, was originally built on 150 acres of Mills’ land. Mills’ original 42-room home lasted until 1954, when it burned to the ground.
Like a number of Peninsula cities, Millbrae’s greatest sustained period of growth came after World War II – in part driven by the growth of the nearby airport. Because of this, the city’s housing inventory – especially the part located at the city’s western edge — includes a large percentage of newer homes. Millbrae real estate runs the gamut, price-wise, ranging from entry level to sprawling properties that fetch nearly $2 million on the open market. Residents tout Millbrae’s friendly, small-town atmosphere and – not insignificantly – its well-regarded public schools, when speaking of their city. The city’s annual all-community events, like the Millbrae Art and Wine Festival, are also a point of pride for locals.
It is where residents care about their home town, be they tech industry newcomers, recently-arrived immigrants or old-timers whose stores date back to the days when Millbrae’s east side was full of flower fields and nurseries. This is only one of the many reasons Millbrae is the Peninsula everytown.
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21,793
Population
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5,330
Homes
-
1.5m - 3.5m
Price Range
-
$1.99M
Median Sale Price
-
$2.06M
Average Sale Price
Pricing data based on single-family homes
Key features
- Conveniently located
- Perfect location for San Francisco and Peninsula car and train commuters and unsurpassed proximity to SFO
- Diverse housing
- Diverse single-family and multi-family housing stock
- Top schools
- Excellent public schools
- Thriving downtown
- Growing downtown core
- Street fair
- Millbrae’s annual Arts & Wine Festival is one of the region’s most popular city street fairs
On this page
Millbrae
Stats & Trends
Sales Prices
Raziel's Commentary
In Millbrae, like other towns on the peninsula, the market peaked in the spring of 2022 when homes sold over a three-month period had an average value over $2.5 million — roughly 30% more than they’d been worth the year before. Beginning in June, though, prices fell consistently month-by-month, settling at $2 million in August and never fluctuating more than $150,000 from that point for the rest of the year before landing at $1.94 million in December (12% lower than in December, 2021). For the year, the average home in Millbrae sold for $2.22 million, 5% higher than in 2021, with a median of $2.15 million, 2% higher than in 2021. So far in 2023 average and median prices have continued to remain below $2 million.
2023 YTD Average
$2.07M
6.2%
2022 Average
$2.21M
3.9%
2023 YTD Median
$1.99M
7.5%
2022 Median
$2.15M
2.4%
2022 HOME SALES BY PRICE RANGE
Raziel's Commentary
In 2022, Millbrae real estate saw a big jump in the market share of real estate costing more than $3 million. Homes valued at that price commanded 12.9% of the market last year, more than double the 5.8% they occupied in 2021. The trend toward higher price points was market-wide, with homes in the $2.5 to $3 million range adding 3.1% to their market share (now 19.8%) and homes valued under $2.5 million, which comprised more than 80% of the local market in 2021, only accounting for 66.4% of it in 2022.
Beds Bedrooms | 1M - 1.5M | 1.5M - 2M | 2M - 2.5M | 2.5M - 3M | Over 3M |
---|---|---|---|---|---|
2 |
5 | 5 | 1 | 0 | 0 |
3 |
3 | 24 | 17 | 9 | 2 |
4 |
0 | 6 | 5 | 10 | 4 |
5 |
0 | 2 | 4 | 2 | 2 |
6 |
0 | 0 | 1 | 1 | 1 |
Total | 8 | 37 | 28 | 22 | 9 |
2022 HOME SALES BY PRICE RANGE for single-family homes in Millbrae
1M - 1.5M
7%
1.5M - 2M
33%
2M - 2.5M
25%
2.5M - 3M
20%
Sale Price to List Price Ratio
Raziel's Commentary
For the past several years Millbrae has been a community in which buyers pay more than the asking price for real estate. In 2021, they paid an average of 111% of asking, among the highest in San Mateo County. This continued though the spring of 2022, peaking in May when buyers paid an average of 117.8% of asking; then the pressure eased significantly over the second half of the year. By year’s end, Millbrae’s sale price to list price ratio had fallen to 99.5% and had come in under 100% in two out of three months. So while the average for 2022 was a still impressive 107.3%, the trend continuing into 2023 is for buyers to pay less than asking price for homes in Millbrae.
2023 YTD
104.8%
1.2%
2022
106.1%
4.4%
Number of Home Sales
2023 YTD
49
48.4%
2022
95
50.3%
2021 Home Sales by Neighborhood
Mills Estate
21
sales
Highlands
18
sales
Meadows
16
sales
Average Days on Market
2023 YTD
24
days
14.3%
2022
21
days
50%
Millbrae Neighborhoods
Bayside Manor
Bayside Manor is one of the small, low-profile neighborhoods carved out of then-unincorporated Millbrae’s marshy east side prior to the region’s post-war explosion of...
Capuchino
Once part of a large, mostly unbroken swath of flower and vegetable farms, Capuchino was subdivided and developed in the years following World War II. Its physical layout...
Glenview Highlands
The newest single-family homes in Millbrae belong to the Glenview Highlands neighborhood. When Millbrae Estates, a small subdivision of three to five bedroom, 2,400 to...
Green Hills
Taking its name from the country club that makes up its western border and the elementary school built in the neighborhood in 1948, Green Hills was for many years the last...
Highlands
The homes in the Millbrae Highlands neighborhood are an amalgam of Spanish and Mission-style homes, along with a few English cottages and Tudors. Most homes have two...
Lomita Hills
Lomita Hills is one of Millbrae’s northernmost neighborhoods. Its border abuts San Bruno, with Santa Lucia Avenue separating the two cities. Like most of northern Millbrae,...
Manor 1 & 2/Park Millbrae
A small neighborhood consisting of two populated streets, Hemlock and Hermosa Avenues, plus commercial frontage on El Camino Real and the Millbrae BART and Caltrain...
Marino Vista Park
Marino Vista Park is actually sandwiched between two parks, Marina Vista and Bayside. It’s bordered to the east and west by the Bayshore Freeway and the railroad tracks....
Meadow Glen
Meadow Glen real estate, originally a group of homes designed as entry-level properties, with three bedrooms and a single bath, has become more diverse over time as...
Meadows
Located at Millbrae’s northwestern edge, directly behind the Capuchino neighborhood and bordered to 280 to the west, Millbrae Meadows is a pristine example of a mid-century...
Mills Estate
Mills Estate is a high-end residential neighborhood located in the hills at the border between Millbrae and Burlingame (not to be confused with the adjacent Mills Estates...
Millwood
If not for the fierce opposition of Millbrae citizens, Millwood would be a place seen through automobile windows. A 1968 proposal to connect San Francisco International...
Telescope Hills & Silva Ranch
For a narrow sliver of an area, the Millbrae neighborhood known as Telescope Hill and/or Silva Ranch packs plenty of punch. Within its slim borders are Millbrae’s premier...
Resident Stories
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