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 18 days on average – still hot.
  • The sale to list price rose to 106.7% in March – the market is heating up!

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 area up monthly, but the average sale price slipped annually. The sale to list price ratio is rising, though, and the market is hot for homes priced aggressively, with good locations, and good (remodeled) condition.

Click for the complete Willow Glen real estate report:

Market overview at a glance:

 

Trends At a GlanceMar 2024Previous MonthYear-over-Year
Median Price$2,010,000 (+9.5%)$1,835,000$1,875,000 (+7.2%)
Average Price$2,223,900 (+14.7%)$1,938,830$1,985,010 (+12.0%)
No. of Sales37 (+48.0%)2535 (+5.7%)
Pending32 (+6.7%)3027 (+18.5%)
Active26 (-3.7%)2745 (-42.2%)
Sale vs. List Price106.7% (+2.4%)104.2%104.5% (+2.1%)
Days on Market18 (-16.6%)2216 (+11.7%)
Days of Inventory21 (-30.3%)3039 (-45.3%)

 

And a month earlier:

 

Trends At a GlanceFeb 2024Previous MonthYear-over-Year
Median Price$1,835,000 (-17.6%)$2,226,250$1,700,000 (+7.9%)
Average Price$1,938,830 (-10.1%)$2,156,880$1,818,890 (+6.6%)
No. of Sales25 (+25.0%)2018 (+38.9%)
Pending30 (+50.0%)2023 (+30.4%)
Active27 (+58.8%)1733 (-18.2%)
Sale vs. List Price104.2% (+2.2%)101.9%100.4% (+3.8%)
Days on Market22 (+24.1%)1844 (-50.6%)
Days of Inventory30 (+18.6%)2650 (-38.9%)

 

 

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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