Real Estate Market Update for 07090 (Westfield, NJ)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 25% from one year earlier, and down 3% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 850-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 7%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 850-thousand dollars. The number of units sold increased 19% year-over-year, and increased 52% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 07090 (Westfield, NJ)
Area Information for 07090 (Westfield, NJ)
  • Population: 30,795
  • Median Age: 40.34 yr
  • Median Commute Time: 27.98 mins
  • Educational Climate*: 5
  • Sales Tax: 6.909%
  • Population Density: 4,580/sq mi
  • Population Change Since 2000: 3.61%
  • Closest Airport: Newark Liberty International
  • Closest College: Kean University
  • Closest Jr. College: Union County College
  • Median Household Income: $130,387
  • Annual Residential Turnover: 10.01%
  • Median Years in Residence: 6.02 yr
  • Median Home Sales Price: $612,250
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 32%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07090 (Westfield, NJ)
Median Age: 40.34 Married: 44% Number of Households: 10,833 Households with Children: 4,958
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 07090 (Westfield, NJ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Here We Grow Child Dev Cntr 0.2 mi Private PRESCHOOL-K 0 0
      Precious People Early Lrn Cnt 0.2 mi Private PRESCHOOL-K 0 0
      Holy Trinity Interparochial School 0.3 mi Catholic PRESCHOOL-8 0 5
      Westfield Senior High School 0.3 mi Public 9-12 4-5 4
      Westfield Day Care Center 0.4 mi Private PRESCHOOL-K 0 0
      Presbyterian Nursery School & Kind 0.4 mi Private PRESCHOOL-K 0 0
      Westfield Area Y Childrens Center 0.4 mi Private PRESCHOOL-K 0 0
      St Pauls Day School 0.4 mi Private PRESCHOOL-K 0 0
      Christopher Academy 0.5 mi Private PRESCHOOL-1 0 5
      Mckinley Elementary School 0.5 mi Public 1-5 4 5
      Redeemer Lutheran School 0.5 mi Private PRESCHOOL-K 0 0
      Lincoln School Early Childhood Learning Center 0.6 mi Public PRESCHOOL-K 0 0
      Kinderprep 0.6 mi Private PRESCHOOL-K 0 0
      Roosevelt Intermediate School 0.6 mi Public 6-8 4 4
      Thomas Edison Intermediate School 0.7 mi Public 6-8 4-5 4
      Temple Emanu El Early Child Ed Pgm 0.9 mi Private PRESCHOOL-K 0 0
      Wilson Elementary School 0.9 mi Public 1-5 5 0
      Franklin Elementary School 0.9 mi Public 1-5 5 5
      Tamaques Elementary School 1.0 mi Public 1-5 5 5
      Washington Elementary School 1.1 mi Public 1-5 5 5
      Jefferson Elementary School 1.1 mi Public 1-5 4-5 5
      Bamboo Shoots Mandarin School 1.2 mi Private PRESCHOOL-2 0 0
      Hillcrest Academy south 1.8 mi Public 9-12 0 0
      Lamberts Mill Academy 1.8 mi Public 9-12 0 0
      Westlake School westfield 1.8 mi Public 3-12 0 3
      Crossroads School 2.4 mi Public PRESCHOOL-8 0 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 07090 (Westfield, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.