The real estate market of Willow Glen in San Jose remains extremely active with no signs of cooling down this winter. It’s a red hot seller’s market for these homes! This article will provide data and analysis for the residential markets in this area, updated monthly. Here are a few highlights from the single family housing market update:
- Perpetually low available inventory and a high volume of sales are fueling a red hot seller’s market!
- Compared to December 2020, the average and median price rose by 12.4% and 16.2% respectively.
- Home sales averaged a rapid 14 days on market and sale to list price ratio at a raging hot 113.3% of list price!
The Willow Glen Real Estate Market
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.
Willow Glen Real Estate Market Trends: Single Family Homes
Click for the complete Willow Glen real estate report:
| Trends At a Glance | Dec 2021 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $1,900,000 (+3.4%) | $1,837,500 | $1,635,000 (+16.2%) |
| Average Price | $1,946,950 (+6.1%) | $1,835,200 | $1,731,810 (+12.4%) |
| No. of Sales | 43 (+13.2%) | 38 | 56 (-23.2%) |
| Pending | 42 (-34.4%) | 64 | 52 (-19.2%) |
| Active | 9 (-47.1%) | 17 | 25 (-64.0%) |
| Sale vs. List Price | 111.3% (+2.2%) | 108.9% | 102.7% (+8.4%) |
| Days on Market | 14 (-10.7%) | 16 | 24 (-41.0%) |
| Days of Inventory | 6 (-51.6%) | 13 | 13 (-53.1%) |
Data from Altos Research for Willow Glen – San Jose 95125
Below please find a market profile and then a couple of charts for the 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!
In the latest update, Altos says single family homes are in a strong seller’s market with elevated market action, perpetually low inventory, and racing fast days on market.
Charts for Willow Glen realty:
1 – Houses in the 95125 zip code – history, all price levels combined.
2 – Houses in the San Jose, 95125 zip code, by price quartile
Willow Glen Market Trends: Condos and Townhomes
And next, of Willow Glen condos:
With so few sales in the condo sector this data can sometimes swing dramatically. This month shows that closed sales and active listings fell by half since last month while pending sales grew. Closed and pending sales and active inventory are all short of last year. This tiny pool of active listings can’t keep up with demand pushing fierce competition in Willow Glen’s condo sector. The sales to list price ratio rose to a hot 104.6%, well above last year. The Willow Glen condo market has kept up plenty of momentum all year, and overall it’s consistently active in a prolonged hot seller’s market.
| Trends At a Glance | Dec 2021 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $877,500 (+9.0%) | $805,000 | $775,750 (+13.1%) |
| Average Price | $944,833 (+21.6%) | $776,714 | $833,562 (+13.3%) |
| No. of Sales | 6 (-14.3%) | 7 | 8 (-25.0%) |
| Pending | 5 (-37.5%) | 8 | 10 (-50.0%) |
| Active | 1 (-50.0%) | 2 | 11 (-90.9%) |
| Sale vs. List Price | 103.8% (+3.0%) | 100.7% | 100.2% (+3.6%) |
| Days on Market | 6 (-83.1%) | 35 | 22 (-72.9%) |
| Days of Inventory | 5 (-39.7%) | 8 | 41 (-87.9%) |
Here is the Altos Research market profile for condominiums and townhouses in Willow Glen.
As of the latest update, there are only 4 active listings and condos remain in a strong seller’s market with market action climbing well into autumn. It’s a busy market with extremely low and shrinking inventory for Willow Glen condos and townhomes.
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:
2 – Condo and townhomes, median list price, by quartile:
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
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
https://idx.diversesolutions.com/link/445451
2. Listings of townhouses or townhomes for sale in Willow Glen, San Jose 95125
3. Listings of condominiums (condos) for sale in Willow Glen, San Jose 95125
https://idx.diversesolutions.com/link/445728
