Real Estate Market Update for Westfield, NJ
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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 12% from one year earlier, and up 1% 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 under 850-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 26%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 710-thousand dollars. The number of units sold decreased 7% year-over-year, and increased 31% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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 Westfield, NJ
Area Information for Westfield, NJ
  • Population: 30,705
  • Median Age: 40.33 yr
  • Median Commute Time: 27.97 mins
  • Educational Climate*: 4
  • Sales Tax: 6.909%
  • Population Density: 4,570/sq mi
  • Population Change Since 2000: 3.58%
  • Closest Airport: Newark Liberty International
  • Closest College: Kean University
  • Closest Jr. College: Union County College
  • Median Household Income: $130,615
  • Annual Residential Turnover: 9.99%
  • Median Years in Residence: 6.04 yr
  • Median Home Sales Price: $629,900
  • 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 Westfield, NJ
Median Age: 40.33 Married: 44% Number of Households: 10,791 Households with Children: 4,947
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 Westfield, NJ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Westfield Day Care Center 0.0 mi Private - 0 0
      Presbyterian Nursery School & Kind 0.0 mi Private PRESCHOOL-K 0 0
      St. Pauls Day School 0.1 mi Private PRESCHOOL-K 0 0
      Westfield Y Childrens Center 0.2 mi Private PRESCHOOL-K 0 0
      Here We Grow Child Dev Cntr 0.4 mi Private - 0 0
      Redeemer Lutheran School 0.4 mi Private PRESCHOOL-K 0 0
      Precious People Early Lrn Cnt 0.4 mi Private PRESCHOOL-K 0 0
      Christopher Academy Montessori 0.5 mi Private PRESCHOOL-1 0 5
      Holy Trinity Interparochial School 0.5 mi Catholic PRESCHOOL-8 0 5
      Roosevelt Intermediate School 0.5 mi Public 6-8 5 4
      Wilson Elementary School 0.6 mi Public 1-5 4-5 0
      Temple Emanu El Early Child Ed Pgm 0.6 mi Private PRESCHOOL-K 0 0
      Kinderprep 0.7 mi Private PRESCHOOL-K 0 0
      Westfield Senior High School 0.7 mi Public 9-12 4-5 4
      Mckinley Elementary School 0.7 mi Public 1-5 4 5
      Franklin Elementary School 0.7 mi Public 1-5 5 5
      Washington Elementary School 0.9 mi Public 1-5 4-5 5
      Lincoln School Early Childhood Learning Center 0.9 mi Public PRESCHOOL-K 0 0
      Thomas Edison Intermediate School 1.1 mi Public 6-8 4-5 4
      Tamaques Elementary School 1.3 mi Public 1-5 4-5 5
      Jefferson Elementary School 1.4 mi Public 1-5 4 5
      Crossroads School 2.1 mi Public PRESCHOOL-6 0 5
      Hillcrest Academy-south 2.2 mi Public 9-12 0 0
      Lamberts Mill Academy 2.2 mi Public 9-12 0 0
      Westlake School-westfield 2.2 mi Public 3-12 0 3
      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 © 2014
      Local Weather for Westfield, 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.