San Jose-Willow Glen Community downtown

July 2024

The Willow Glen area of San Jose is a fun community with a fantastic downtown area on Lincoln Avenue. Located just south of downtown San Jose with strong schools and easy commute access to Hwy 87 and 280. Click on these links to learn more about the Willow Glen Community and Schools.

Median prices are slightly higher than last year, which included a 14% jump in 2022. The annual increase in the median price for San Jose-Willow Glen homes has averaged 5.9% per year (CAGR) over the past 25 years and has doubled over the past 10 years.

Market demand for Willow Glen homes remains strong. Home continue to sell quickly as annual average Days on Market (red line) continues at an all-time low. The average final sales price (blue line) is at an all-time high.

The supply of New Listings (blue line) for Willow Glen homes declined 32% from 2021 and is 25% below 2018 levels. This chart is updated annually after year-end.

Willow Glen homes are typically in the $1M to $3M price range. 

The scatter chart above shows the distribution of $ per SQFT by size of home. This chart also shows you the distribution of home sizes.

The Quarterly Median Price returned to 2021 levels after a jump during the first half of 2022.

This monthly median prices are slightly lower than 2021 levels. Keep in mind that the fluctuation may be due to a change in the mix of homes selling in a particular month, not necessarily changes in home values.

The monthly average Days on Market returned to historically low levels.

Average Sales vs. List Price percentage also improved.

Homes selling within the first 10 days are typically selling for up to 20% over list suggesting a strong number of competing offers.

The monthly supply of new listings is significantly lower than prior years. Note the seasonality with December typically being the lowest-point during the year.

The Inventory of Active listings is also lower than prior years.

The monthly number of Sales is significantly lower than prior years.

Source: The data above is obtained directly from MLSlistings, the multiple listing service (MLS) serving Santa Clara and San Mateo counties. The information is deemed to be accurate, however is not guaranteed.