Willow Glen real estate market in San Jose

Willow Glen real estate market is a strong seller's market. This Willow Glen sign is from the downtown business district.The Willow Glen real estate market in San Jose remains a strong seller’s market.

  • Average and median home prices are up monthly and yearly.
  • Homes are selling in 11 days on average – super hot.
  • The sale to list price rose again to 108% in April (up from106.7% in March)

The best priced homes with no location or condition issues continue to sell quickly and with multiple offers and overbids.

Willow Glen Real Estate Market Trends: Single Family Homes

Willow Glen home prices are up double digits from a year ago, but down a little from the month before. Inventory is rising, but so is the sale to list price ratio.  Buyers are not getting any relief yet, and sellers continue to see sold sales prices for their properties.

Click for the complete Willow Glen real estate report:

Trends At a GlanceMay 2024Previous MonthYear-over-Year
Median Price$2,100,000 (-4.3%)$2,195,000$1,727,500 (+21.6%)
Average Price$2,226,050 (-2.7%)$2,287,280$1,947,130 (+14.3%)
No. of Sales54 (+50.0%)3654 (0.0%)
Pending47 (+34.3%)3538 (+23.7%)
Active45 (+12.5%)4030 (+50.0%)
Sale vs. List Price108.5% (+0.4%)108.0%104.1% (+4.3%)
Days on Market14 (+28.2%)1117 (-16.3%)
Days of Inventory25 (-22.4%)3217 (+50.0%)

 

and a month earlier:

 

Trends At a GlanceApr 2024Previous MonthYear-over-Year
Median Price$2,195,000 (+9.2%)$2,010,000$1,975,000 (+11.1%)
Average Price$2,287,280 (+2.8%)$2,223,900$2,192,020 (+4.3%)
No. of Sales36 (-2.7%)3731 (+16.1%)
Pending35 (+9.4%)3238 (-7.9%)
Active40 (+53.8%)2648 (-16.7%)
Sale vs. List Price108.0% (+1.3%)106.7%103.3% (+4.6%)
Days on Market11 (-38.7%)1814 (-22.6%)
Days of Inventory32 (+52.8%)2145 (-28.2%)

 

 

Below please find a market profile and then a couple of charts for the Willow Glen real estate market for houses and duet homes (attached single family homes – not duplexes), care of Altos Research, to which I have a subscription. Altos uses list prices, not sold prices. The data is automatically updated each week, so please bookmark this post and come back often!


Data from Altos Research for Willow Glen Real Estate Market Trends – San Jose 95125

In the latest update, Altos says single family homes are in a strong seller’s market with rising market action, and a decrease in much needed, perpetually low inventory. As of today, 35% have taken price reductions.

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