Real Estate Market Update for 07675 (Westwood, NJ)
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 36% from one year earlier, and up 7% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just over 550-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 52%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 800-thousand dollars. The number of units sold increased 150% year-over-year, and increased 67% 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.
Map Information for 07675 (Westwood, NJ)
Area Information for 07675 (Westwood, NJ)
  • Population: 26,765
  • Median Age: 42.56 yr
  • Median Commute Time: 24.31 mins
  • Educational Climate*: 5
  • Sales Tax: 7%
  • Population Density: 2,785/sq mi
  • Population Change Since 2000: 2.67%
  • Closest Airport: Westchester County
  • Closest College: Dominican College
  • Closest Jr. College: Bergen Community College
  • Median Household Income: $104,762
  • Annual Residential Turnover: 10.23%
  • Median Years in Residence: 4.78 yr
  • Median Home Sales Price: $428,000
  • Closest Major Sports Team: Yankees
  • Change Avg. Household Income Since 2000: 34%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07675 (Westwood, NJ)
Median Age: 42.56 Married: 43% Number of Households: 9,913 Households with Children: 3,571
    • 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 07675 (Westwood, NJ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Berkeley Avenue Elementary School 0.8 mi Public K-5 3-5 5
      Zion Lutheran School 0.9 mi Private PRESCHOOL-8 0 4
      Holdrum Middle School 1.1 mi Public 6-8 4-5 4
      Roberge Elementary School 1.2 mi Public K-5 5 5
      Westwood Middle School 1.4 mi Public 6-7 0 0
      Lily Pond Country Day School 1.4 mi Private PRESCHOOL-PRESCHOOL 0 0
      Brookside Elementary School 1.6 mi Public K-5 4 3
      T. Baldwin Demarest Elementary School 2.1 mi Public K-4 4-5 4
      Creative Minds Montessori 2.2 mi Private PRESCHOOL-K 0 0
      Charles Dewolf Middle School 2.3 mi Public 5-8 5 4
      Woodside Elementary School 2.3 mi Public K-5 5 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: and Onboard Informatics © 2014
      Local Weather for 07675 (Westwood, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.