The Silicon Valley Real Estate Market Trends Report

March 2024 Report

Single Family Homes in Santa Clara County, San Jose, Willow Glen Change >

Median Price

$2,010,000

+9.5%

Average Price

$2,223,900

+14.7%

No. Sold

+48.0%

Pending Properties

+6.7%

Active

-3.7%

Sale/List Price Ratio

106.7%

+2.4%

Days on Market

-16.6%

Days of Inventory

-30.3%

Trends At a Glance	Mar 2024	Previous Month	Year-over-Year
Median Price	$2,010,000 (+9.5%)	$1,835,000	$1,875,000 (+7.2%)
Average Price	$2,223,900 (+14.7%)	$1,938,830	$1,985,010 (+12.0%)
No. of Sales	37 (+48.0%)	25	35 (+5.7%)
Pending	32 (+6.7%)	30	27 (+18.5%)
Active	26 (-3.7%)	27	45 (-42.2%)
Sale vs. List Price	106.7% (+2.4%)	104.2%	104.5% (+2.1%)
Days on Market	18 (-16.6%)	22	16 (+11.7%)
Days of Inventory	21 (-30.3%)	30	39 (-45.3%)

Market Barometer

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Market Commentary

Home Sales Up in Mar 2024

Sales increased 48.0% from the month before, and were up 5.7% year-over-year.

Prices improved in Mar 2024 with the median price climbing 9.5% from the previous month, up 7.2% compared to last year. The average price rose 14.7%, a yearly gain of 12.0%.

Inventory rose 1.8% from last month, and was down 19.4% year-over-year.