The housing market in Westfield, NJ is quite strong. The median value of homes in Westfield is significantly higher than the US median at $935,200 compared to $338,100. This indicates that there is strong demand for housing in the area. Additionally, the house appreciation rate in Westfield has been higher than the national average at 10.07%, compared to 8.27% for the US as a whole. This suggests that it remains a desirable place to buy a home and could be an ideal investment opportunity for those looking to get into the market.
The median home cost in Westfield is $935,200. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Westfield is up 13.9%.
Average Age of Homes
- The median age of Westfield real estate is 67 years old
The Rental Market in Westfield
- Renters make up 19.3% of the Westfield population
- 0.4% of houses and apartments in Westfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.