Market Overview
Home Prices in Westfield, IL
The median home value in Westfield, IL is $104,508 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and down 8.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Westfield are priced75% below average. Westfield is part of the Charleston-Mattoon, IL metro area.
Over the past five years, Westfield home values have fallen by approximately12.4%, reflecting softening conditions in this market.
Price History
Westfield Home Price Trend
City Comparison
Westfield vs. National Median
At $104,508, homes in Westfield cost 75% below the national median of $410,000. This makes Westfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Westfield?
20% Down Payment
$20,902
on $104,508
Monthly P&I
$545/mo
30-yr @ 6.8%
Total Monthly Est.
~$692/mo
incl. taxes & insurance
Income Needed
$27,680
gross annual (30% rule)
10% Down Option
$10,451
+ PMI applies
Loan Amount (20% dn)
$83,606
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Westfield, IL?
The median home value in Westfield is $104,508 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Westfield?
Over the past year, home values in Westfield have increased by 1.7%. Over five years, prices have fallen approximately 12.4%.
How much do I need to earn to buy a home in Westfield?
To comfortably afford the median home price of $104,508 with a 20% down payment ($20,902) at today's rates (6.8%), you'd need a gross annual income of approximately $27,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Westfield compare to the national average home price?
The national median home value is approximately $410,000. At $104,508, homes in Westfield are 75% below the national average.
What metro area is Westfield part of?
Westfield is part of the Charleston-Mattoon, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.