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.

 

Willow Glen Real-Time Market Profile

 

 

Charts for Willow Glen realty:

1 – Houses in the 95125 zip code – history, all price levels combined.

 

Real Estate Market Chart by Altos Research www.altosresearch.com

2 – Houses in the San Jose, 95125 zip code, by price quartile

 

Real Estate Market Chart by Altos Research www.altosresearch.com

And next, of Willow Glen condos:

Willow Glen San Jose Condo Trends at a Glance

The market has some mixed data point: prices are up annually and monthly, days on market area down, but the pending sales have shrunk a little from the month before while the inventory rose. Overall, it’s a solid seller’s market, but there is a hint of softening. The sale to list price ratio was at 105.4%, solidly high!

Trends At a GlanceMay 2024Previous MonthYear-over-Year
Median Price$1,200,000 (+7.1%)$1,120,000$961,000 (+24.9%)
Average Price$1,167,780 (+7.5%)$1,086,670$985,750 (+18.5%)
No. of Sales(+200.0%)3(+50.0%)
Pending12 (-14.3%)14(+500.0%)
Active16 (+23.1%)13(+300.0%)
Sale vs. List Price105.4% (-7.3%)113.7%101.0% (+4.3%)
Days on Market(-21.0%)919 (-63.2%)
Days of Inventory53 (-57.6%)12620 (+166.7%)

 

And the month before:

Trends At a GlanceApr 2024Previous MonthYear-over-Year
Median Price$1,120,000 (+5.4%)$1,062,500$1,400,000 (-20.0%)
Average Price$1,086,670 (+1.0%)$1,075,620$1,258,330 (-13.6%)
No. of Sales(-62.5%)8(0.0%)
Pending14 (+75.0%)8(+250.0%)
Active13 (+44.4%)9(+225.0%)
Sale vs. List Price113.7% (+7.8%)105.5%108.3% (+5.0%)
Days on Market(-34.5%)14(+50.0%)
Days of Inventory126 (+272.3%)3439 (+225.0%)

 

 

 

 

Here is the Altos Research market profile for condominiums and townhouses in Willow Glen.

 

Real-Time Altos Market Profile Condos

 

 

Charts from Altos

1 – Condominiums and townhouses in Willow Glen, San Jose 95125 – all quartiles combined over the last few years for median list price:

 

Real Estate Market Chart by Altos Research www.altosresearch.com

 

2 – Condo and townhomes, median list price, by quartile:

 

Real Estate Market Chart by Altos Research www.altosresearch.com

Like the greater Silicon Valley region, Willow Glen is comprised of many smaller micro-markets. It will be different in north Willow Glen, Palm Haven, The Willows, or in a walk-to-town area than it will be in the Dry Creek area or St. Francis Woods neighborhood – let alone differences for school districts, price point, zip code and home type! It’s a patchwork of all these smaller markets, in other words. What’s happening in one segment might be very different than in another. Disclaimers aside, overall it is still a seller’s market in Willow Glen.

Related Reading

The Willow Glen District of San Jose: Charm, Community and Convenience Abound

Relocating to Silicon Valley? How to Decide Where to Live!

Beautiful Spanish Style Homes for Sale in Silicon Valley

Doerr Park of Willow Glen

Willow Glen real estate market inventory of homes for sale

Browse residential properties – houses, duet homes, condos and townhomes in Willow Glen which are listed for sale on the MLS by type below.

1. Listings of houses for sale in Willow Glen, San Jose 95125

https://idx.diversesolutions.com/link/445451

2. Listings of townhouses or townhomes for sale in Willow Glen, San Jose 95125

https://idx.diversesolutions.com/link/439817

3. Listings of condominiums (condos) for sale in Willow Glen, San Jose 95125

https://idx.diversesolutions.com/link/445728

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