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, but prices inched down somewhat in October.

  • Average home prices are down month over month by 4.8% and down year over year by about 3.8%.
  • Homes are selling in 15 days on average – red hot. (It was 18 in September.)
  • The sale to list price dropped to 104.1% (it was 107.2% in September, 104.5% in August and 104.2% in July).

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 slipped a little, which is surprising given that the sale to list price is at 104.1% and the days on market are a swift 15. It is possible that rather than home values going down, it’s simply that less expensive homes are selling. In general, first time home buyers are the most active segment of our Santa Clara County real estate buying population.

Click fr the complete Willow Glen real estate report:

Trends At a Glance Oct 2023 Previous Month Year-over-Year
Median Price $1,871,000 (-3.7%) $1,942,500 $1,885,000 (-0.7%)
Average Price $2,035,370 (-4.8%) $2,137,750 $2,114,940 (-3.8%)
No. of Sales 38 (+35.7%) 28 36 (+5.6%)
Pending 30 (-40.0%) 50 31 (-3.2%)
Active 36 (+24.1%) 29 66 (-45.5%)
Sale vs. List Price 104.1% (-2.9%) 107.2% 99.0% (+5.2%)
Days on Market 15 (-17.4%) 18 31 (-52.0%)
Days of Inventory 28 (-5.4%) 30 55 (-48.3%)

 

And the month before:

Trends At a Glance Sep 2023 Previous Month Year-over-Year
Median Price $1,942,500 (+4.4%) $1,860,000 $1,860,000 (+4.4%)
Average Price $2,137,750 (+6.4%) $2,008,360 $1,941,950 (+10.1%)
No. of Sales 28 (-42.9%) 49 43 (-34.9%)
Pending 50 (+16.3%) 43 29 (+72.4%)
Active 29 (-21.6%) 37 83 (-65.1%)
Sale vs. List Price 107.2% (+2.6%) 104.5% 99.4% (+7.9%)
Days on Market 18 (+12.1%) 16 22 (-16.6%)
Days of Inventory 30 (+32.6%) 23 56 (-46.3%)

 

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!


Data from Altos Research for Willow Glen Real Estate 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

Prices are down a little month over month, but up tremendously compared to a year earlier. Homes are selling at breakneck speed.

Trends At a Glance Oct 2023 Previous Month Year-over-Year
Median Price $1,089,000 (-0.3%) $1,092,500 $670,000 (+62.5%)
Average Price $1,044,550 (-3.6%) $1,083,750 $736,400 (+41.8%)
No. of Sales 11 (+175.0%) 4 (+120.0%)
Pending (-37.5%) 8 (0.0%)
Active 18 (+38.5%) 13 (+500.0%)
Sale vs. List Price 103.4% (+1.0%) 102.4% 99.2% (+4.3%)
Days on Market 10 (-72.6%) 37 26 (-61.2%)
Days of Inventory 49 (-47.9%) 94 18 (+172.7%)

And the month before:

Trends At a Glance Sep 2023 Previous Month Year-over-Year
Median Price $1,092,500 (+13.2%) $965,000 $999,999 (+9.3%)
Average Price $1,083,750 (+13.1%) $958,333 $1,068,720 (+1.4%)
No. of Sales (+33.3%) 3 (-55.6%)
Pending (+60.0%) 5 (+166.7%)
Active 13 (+85.7%) 7 (+116.7%)
Sale vs. List Price 102.4% (-0.8%) 103.3% 100.4% (+2.0%)
Days on Market 37 (-22.3%) 47 24 (+52.1%)
Days of Inventory 94 (+34.6%) 70 19 (+387.5%)

 

 

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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