The Willow Glen real estate market in San Jose is holding up better than many parts of San Jose and the valley generally. It is cooling, but prices are up!
- Home prices are up both month over month and year over year.
- Homes are selling in 31 days on average, cooler than September and August.
- The sale to list price slipped further and sat at 99% in October. Some houses did get multiple offers and sell for much higher than list price, though.
The best priced homes with no location or condition issues continue to sell quickly. Some properties that are taking a long time to sell have moved into “buyer’s market” territory.
Willow Glen Real Estate Market Trends: Single Family Homes
The Willow Glen real estate market has cooled down, but prices are holding up despite other data points.
Click for the complete Willow Glen real estate report:
| Trends At a Glance | Oct 2022 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $1,885,000 (+1.3%) | $1,860,000 | $1,680,000 (+12.2%) |
| Average Price | $2,114,940 (+8.9%) | $1,941,950 | $1,829,190 (+15.6%) |
| No. of Sales | 36 (-16.3%) | 43 | 72 (-50.0%) |
| Pending | 61 (+5.2%) | 58 | 54 (+13.0%) |
| Active | 56 (-18.8%) | 69 | 29 (+93.1%) |
| Sale vs. List Price | 99.0% (-0.3%) | 99.4% | 106.9% (-7.4%) |
| Days on Market | 31 (+43.6%) | 22 | 14 (+123.4%) |
| Days of Inventory | 47 (+0.3%) | 47 | 12 (+286.2%) |
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 declining market action, and a slight increase in perpetually low inventory. With 34% of the homes having a price reduction, the market is clearly softening. The percentage of homes with prices decreased is a big indicator of the market’s direction.
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
And next, of Willow Glen condos:
Willow Glen San Jose Condo Trends at a Glance
Prices are down, but with only 5 closed sales it’s possible that the data below could be off for your particular condo or townhouse.
| Trends At a Glance | Oct 2022 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $670,000 (-37.6%) | $1,074,500 | $930,000 (-28.0%) |
| Average Price | $736,400 (-32.5%) | $1,091,060 | $975,000 (-24.5%) |
| No. of Sales | 5 (-37.5%) | 8 | 5 (0.0%) |
| Pending | 8 (0.0%) | 8 | 8 (0.0%) |
| Active | 2 (-50.0%) | 4 | 4 (-50.0%) |
| Sale vs. List Price | 99.2% (-1.4%) | 100.6% | 104.6% (-5.1%) |
| Days on Market | 26 (+16.6%) | 22 | 7 (+258.3%) |
| Days of Inventory | 12 (-17.2%) | 15 | 24 (-50.0%) |
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 revealling only the mildest of seasonal dips. 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 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
3. Listings of condominiums (condos) for sale in Willow Glen, San Jose 95125
https://idx.diversesolutions.com/link/445728
