Willow Glen real estate market is a strong seller's market. This Willow Glen sign is from the downtown business district.Willow Glen is perhaps the most charming residential area of the city of San Jose with its old style architecture, tree lined streets and quaint downtown area on Lincoln Avenue and nearby. For folks working in downtown San Jose, the Willow Glen area (roughly the same as 95125 zip code, though a bit of 95124 is included also) is extremely convenient.

The real estate market in Willow Glen has been declining slightly from the peaks earlier this year, but values are up year over year, just like the most of the valley. My sense is that this is a seasonal fluctuation combined with “buyer fatigue”. Last year, the housing market did not follow the regular pattern – but this year, perhaps we are settling back into exactly that.

Click for the complete Willow Glen real estate report with all of the numbers, stats and trends from the closed sales of houses for last month. Further down in this article you’ll find the Altos Research charts as well.

Willow Glen Market Trends

Trends At a Glance Sep 2018 Previous Month Year-over-Year
Median Price $1,379,000 (-3.9%) $1,435,000 $1,250,000 (+10.3%)
Average Price $1,538,500 (-1.4%) $1,560,210 $1,365,410 (+12.7%)
No. of Sales 50 (+25.0%) 40 59 (-15.3%)
Pending 40 (-18.4%) 49 48 (-16.7%)
Active 65 (+12.1%) 58 35 (+85.7%)
Sale vs. List Price 101.8% (-1.7%) 103.5% 104.7% (-2.8%)
Days on Market 25 (+8.4%) 23 22 (+11.0%)
Days of Inventory 38 (-13.3%) 44 17 (+119.1%)

 

And for the month before:

 

Trends At a Glance Aug 2018 Previous Month Year-over-Year
Median Price $1,435,000 (-1.9%) $1,462,500 $1,391,000 (+3.2%)
Average Price $1,560,210 (+3.0%) $1,515,270 $1,486,540 (+5.0%)
No. of Sales 40 (-13.0%) 46 55 (-27.3%)
Pending 49 (+6.5%) 46 54 (-9.3%)
Active 58 (-17.1%) 70 27 (+114.8%)
Sale vs. List Price 103.5% (0.0%) 103.5% 104.1% (-0.6%)
Days on Market 23 (+47.3%) 15 22 (+1.3%)
Days of Inventory 44 (-4.7%) 46 15 (+195.4%)

 

And next, of Willow Glen condos:

 

The market has been shifting and moving more into the buyer’s favor since the peak pricing earlier this year. And it is considerably cooler than a year ago (which was off the charts hot). If it continues, we’ll be in a buyer’s market. It may, instead, resume seasonal patterns in 2019. We’ll have to wait and see.

Trends at a Glance

Prices are somewhat flat for Willow Glen condominiums and townhomes. Inventory is way up from a year ago, the days on market are far longer, and the days of inventory seem to indicate a buyer’s market – or that one is approaching. We’ll have to watch and see what happens. Some parts of the valley are starting to see an uptick toward the seller’s market again, but I am not seeing that for WG townhouses and condos just yet.

Trends At a Glance Sep 2018 Previous Month Year-over-Year
Median Price $878,500 (-2.1%) $897,500 $735,000 (+19.5%)
Average Price $897,000 (+0.1%) $896,250 $743,500 (+20.6%)
No. of Sales (0.0%) 4 (-50.0%)
Pending (0.0%) 5 (+25.0%)
Active 16 (+77.8%) 9 (+700.0%)
Sale vs. List Price 99.7% (-1.6%) 101.3% 104.3% (-4.4%)
Days on Market 34 (+26.2%) 27 (+342.6%)
Days of Inventory 116 (+71.9%) 68 (+1,500.0%)

 

And the month before:

 

Trends At a Glance Aug 2018 Previous Month Year-over-Year
Median Price $897,500 (-10.3%) $1,000,000 $692,000 (+29.7%)
Average Price $896,250 (-16.6%) $1,074,290 $711,991 (+25.9%)
No. of Sales (-42.9%) 7 11 (-63.6%)
Pending (-16.7%) 6 (0.0%)
Active (0.0%) 9 (+80.0%)
Sale vs. List Price 101.3% (-6.6%) 108.5% 104.2% (-2.7%)
Days on Market 27 (+101.3%) 13 14 (+87.4%)
Days of Inventory 68 (+75.0%) 39 14 (+395.0%)

 

 

What about home prices for listings in Willow Glen? Continue reading to view the live Altos Research charts.

Below please find the Altos Charts (to which I have a subscription) for the Willow Glen real estate market. NB Altos uses LIST prices, not solds (also they go by zips or cities, so don’t cover Willow Glen per se with it’s partial entry into the 95124 zip).

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 over last 180 days

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

3 – 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

4 – Condo and townhomes, median list price, by quartile, last 180 days only:

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 a seller’s market in Willow Glen right now. It’s not as crazy as it was a few months ago – buyers, this is an opportunity to have a whole lot less competition!

 

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

 

Willow Glen 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

  1. 3 beds, 2 baths
    Home size: 1,845 sq ft
    Lot size: 10,911 sqft
  2. 3 beds, 2 baths
    Home size: 1,793 sq ft
    Lot size: 5,880 sqft
  3. 4 beds, 4 baths
    Home size: 3,224 sq ft
    Lot size: 6,385 sqft
  4. 3 beds, 2 baths
    Home size: 1,214 sq ft
    Lot size: 6,198 sqft
  5. 4 beds, 3 baths
    Home size: 2,343 sq ft
    Lot size: 7,474 sqft

See all Real estate in the 95125 zip code.
(all data current as of 10/20/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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

  1. 2 beds, 3 baths
    Home size: 1,327 sq ft
    Lot size: 14,666 sqft
  2. 3 beds, 1 bath
    Home size: 895 sq ft
    Lot size: 3,214 sqft
  3. 2 beds, 2 baths
    Home size: 1,163 sq ft
    Lot size: 1,232 sqft
  4. 2 beds, 3 baths
    Home size: 1,353 sq ft
    Lot size: 1,298 sqft
  5. 3 beds, 3 baths
    Home size: 1,527 sq ft
    Lot size: 1,925 sqft

See all Real estate in the 95125 zip code.
(all data current as of 10/20/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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

  1. 2 beds, 3 baths
    Home size: 1,327 sq ft
    Lot size: 14,666 sqft
  2. 3 beds, 1 bath
    Home size: 895 sq ft
    Lot size: 3,214 sqft
  3. 2 beds, 2 baths
    Home size: 1,163 sq ft
    Lot size: 1,232 sqft
  4. 2 beds, 3 baths
    Home size: 1,353 sq ft
    Lot size: 1,298 sqft
  5. 3 beds, 3 baths
    Home size: 1,527 sq ft
    Lot size: 1,925 sqft

See all Real estate in the 95125 zip code.
(all data current as of 10/20/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

 

 

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Mary Pope-Handy
Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
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