San Jose-Willow Glen Community downtown

December 2022

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 rose 11.1% during the first nine months of 2022 after a 14% increase in 2021. The annual increase in the median price for San Jose-Willow Glen homes has averaged 6.6% per year since 1998 (CAGR).

Market demand for Willow Glen homes is at all-time high levels. The average final sales price (blue line) is at an all-time high. The annual average Days on Market (red line) continues at an all-time low.

The supply of New Listings (blue line) for Willow Glen homes jumped slightly in 2020. The number of Sales (red line) is relatively consistent with recent years. This chart is updated annually after year-end.

Willow Glen homes are typically in the $1.0M to $2.5M price range. 

$/SQFT varies widely. 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 in Q1 and Q2.

This monthly median prices spiked in March-April then continued the upward trend from 2021. 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 remains at historic lows reflecting continued strong demand.

Average Sales vs. List Price percentage spiked in Feb-April. The dramatic decline in June is consistent with seasonal changes from prior years..

Homes selling within the first 10 days are typically selling for 5% to 20% over list.

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

The Inventory of Active listings is consistent with prior years.

The monthly number of Sales is slightly 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.